0
For most insurance policies, if the person takes their own life the policy does not pay out.
the last time I cheked, life insurance only covered natural causes and accidents. Suicide si not a natural reason or accident and was not covered last time I checked.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
How do you report that someone impersonated the insured to change the life insurance beneficiary to themselves?
You google it
What is the difference between homicide and suicide?
homicide is to kill another. suicide is to take your own life.
What is altruistic suicide?
When someone kills themselves because they believe that the cause they are dying for is more important than their own life. For example: a soldier falling on a grenade
How do you find out if someone had life insurance after they die?
how do i find out if tom rowntree had life insurance
When adult children refuse to buy life insurance can their parents purchase it for them without the childrens knowledge?
Life Insurance cannot be purchased on someone that is not aware. They do have to sign paperwork and the beneficiary must have a insurable interest. This prevents anyone from taking out insurance on someone and signing themselves as the beneficiary. When the child is concidered an Adult, they are responsible for getting their own. Unfortunately this is the case.
What is it called when someone buys life insurance on someone else?
On whose life, policy is purchased, he/she is called 'Life Assured', whereas the former is called the 'Proposer' in a life insurance policy.
Can someone take out a life insurance policy on someone that they do not know?
Typically, the person being insured must consent to the life insurance policy. Without the person's consent or insurable interest, it is not permissible to take out a policy on them. Doing so could be considered fraudulent.
What is so great about Instant life insurance?
Instant life insurance refers to fast, pre approved insurance policies. This is good for someone who is on time constraints and needs life insurance.
What is the consumer awareness of life insurance policies?
The consumer is generally ignorant when it comes to life insurance and relies on themselves rather than a professional.
Why is a life insurance license important?
The only reason someone needs a life insurance license or certification is to be able to sell this type of insurance.
How can someone with a disability get the best rates for life insurance?
Yes, disabled people can get the best rates for life insurance.
What is the difference between life insurance and non life insurance?
Life insurance pays a death benefit when the insured party dies. So, it is insurance on someone's life. Non Life Insurance (such as home, auto, general liability) insurance covers something else other than a person's life.
