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Many policies will contain an exclusion for suicide for the initial two years that the policy is in force. Other states have other statutory limitations on the period during which suicide will not be a covered cause of loss.

One of the primary reasons for the exclusion is that life insurance, like other types of insurance, is intended to cover fortuitous losses, not intentional ones. It is similar in theory to insurance coverage not applying to intentional acts committed by the insured.

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โˆ™ 2010-10-27 00:17:02
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Q: Does life insurance cover suicide
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Related questions

Does group life insurance cover suicide?

To the best of my knowledge, In the US all life insurance companies cover suicide after 2 years of in force issue.


Does life insurance cover suicide in Ohio?

I dont think so. Most insurance policies do not cover death by intentional suicide.


What insurance companies cover suicides?

Life Insurance Companies do not cover suicide, subject to the "Suicide Clause" limitation in all life insurance policies. The suicide clause stats that no death payment will be made if an insured commits suicide within the first two years (one year in Colorado) that the policy is in force. This clause protects the insurance company against adverse selection - the purchase of a life isnurance policy in contemplation of a planned death in order for the beneficiary of the life insurance policy to collect the life insurance proceeds.


Is suicide covered if the death is within 10 years of the policy origination?

No. Life Insurance policies do not cover suicide.


Does life insurance cover suicide in New Jersey?

Yes, suicide is a covered cause of death on life insurance policies, but not until the policy has been in force for 2 years; 1 year in some states.


Does the New York life insurance cover suicide in NJ?

Dont know HAHAHA


Can your beneficiary collect life insurance benefits after your suicide in the state of ohio?

No. I don't think suicide is not covered by any insurance policy in any state/country. Suicide is willful and intentional killing of oneself and no insurance company will cover it. So, your beneficiary will not get even a single penny if you commit suicide.


Can you apply for life insurance if you attempted suicide?

You can apply for Life Insurance , but most policies do not cover suicide for 2-4 years, depending on Stae Laws , and if you have a history of Mental Illness or suicide attempts, it will never be covered, Rsat assured , if you lie on your application, there is a 99% chance the insurance investigator will find out anyway.


Does car insurance cover suicide?

Does vehicle insurance cover suicides


Does employer sponsored life insurance cover suicide?

None do. in addition-must be on the job most cases.


What is covered under life insurance Is suicide covered?

Suicide is usually excluded under a life insurance policy. The suicide exclusion usually states that there is no payout of life insurance proceeds if the death is due to suicide within two years of the puchase of the life insurance policy. In some states, like Colorado, the suicide exclusion is one year.


Can your son collect life insurance young you commit suicide?

Most life insurance policies do not pay out for suicide.


Does life insurance cover a suicide death?

Suicide is covered by most life insurance companies. However, a certain amount of time must pass by from the time the policy is issued. Some states regulate the time that must elapse. The policy should cover this specific type of death. The delay can be two years.


Does union fidelity cover both accident insurance and life insurance or life insurance only?

yes it do cover life insurance not health insurance.


Will life insurance pay out if I die from autoimmune disease in the joints?

Life insurance covers death by any causes not specifically excluded. That generally means they don't cover suicide. Life insurance covers death by natural causes, i.e a disease.


What has the author James George Davey written?

James George Davey has written: 'Life insurance offices and suicide' -- subject(s): Insurance, Life, Life Insurance, Suicide 'Life insurance and suicide' -- subject(s): Insurance, Life, Life Insurance, Suicide 'On medical evidence in our law courts' -- subject(s): Jurisprudence, Insanity 'The Ganglionic Nervous System: Its Structure, Functions, and Diseases'


What does State of Texas law say regarding suicide and life insurance?

Suicide and life insurance isn't regulated by state law, it is regulated by the insurance company and outlined in the insurance papers.


Does life insurance covers suicide in Illinois?

Read the specific policy exclusions in the life insurance contract. It will detail the impact of a suicide on the benefits, if any.


Does life insurance cover death by alcoholism?

If the insured dies of any causes (except suicide in the first two policy years) then benefit is payable.


Does life insurance pay for suicide?

A standard life insurance policy usually contains a provision stating that death that is the result of suicide will not be covered if it occurs within a stated period of time after the issuance of the policy. The period of time varies, but it is frequently two years. The reasoning for this provision is that insurance is intended to cover fortuitous occurrences, not ones that are planned or intended. NOTE= Commiting suicide is never the answer to a problem.


What is life cover and how is it beneficial?

Life Cover is a type of life insurance. Life cover is beneficial because it covers many aspects of life insurance, such as dental, medical, and accidental death.


If the death is ruled suicide will life insurance still pay?

Most, if not all, life insurance policies have an exclusion that states that the policy will not pay if the death is ruled a suicide.


How does life insurance provide for a family in cases of suicide?

In case of suicide, the insurance company will not provide any compensation for the family of the policy holder. Life insurance will only take care of the family of the policy holder when he does not take his own life.


Does life insurance cover funeral expenses?

Life insurance can cover the cost of funeral expenses. There are also funeral insurance plans that can be purchased separate from life insurance. He would want to look at how much the estimated cost of a funeral is these days and adjust his life insurance plan to cover the costs.


Can you get life insurance after suicide attempt?

hell no

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