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.
That is up to the Medical Examiner in Fort Lauderdale who still has not ruled on the death. The toxiclogy reports are still not public record.
Not all insurance contracts are the same, however, life insurance excludes death that results from war. It may or may not exclude suicide. It does not exclude accidental death or murder. Note that even if the death benefit is not paid, the premiums will still be returned.
This is still debated. It was officially ruled as a suicide, but many still believe that he was murdered.
That is highly dependent upon who the policy is through. Contact the insurance company you have it through to see if you have reviewed the policy and you still do not have your answer. Each company is different on their stipulations for what they will and will not pay out for. They may treat it as suicide or a mental illness that they do not pay out for. That is a grey area.
Life insurance policies normally will contain a clause that disallows a payment if the cause of death is suicide within the first year of the policy, but if the policy has been in force for over a year, then the benefit is still paid even if the cause of death is suicide. You can legally collect that payment (if you are the beneficiary) even if you originally took out the policy knowing that the insured person was eventually going to commit suicide. However, if you in some way caused this person to commit suicide, that is another matter. To counsel suicide is considered a crime. So there are various legal issues depending upon the circumstances.
Before 2007, Missouri did not allow life insurance policies to exclude suicide, except that the insurer could avoid payment if it could be proven that the policyholder contemplated suicide when he bought the policy. Some resources will incorrectly state that this is still the law, thereby causing confusion. In about 2007, the law was changed and now insurance companies may exclude suicide for one year after the policy is purchased (in Missouri). After one year insurance companies must pay for death by suicide, even though the policy may recite a longer exclusion period. Note that an insurance company may initially deny your claim after the one year period hoping that you won't know the law and will go away. If the insured commits suicide within the one year exclusion period, the insurance company must return the premium with interest. The Missouri law is located at the link below.
Under Section 38.2-3106 of the Virginia Insurance Code, suicide is only a defense to a policy during the first 2 years of the policy period and only if expressly provided as an exclusion in the policy. Even then, the insurer is still required to pay out the premium paid for the policy.
It is not ritual. They commit suicide because they do not want to face the shame of defeat. But, they still commit suicide but only for shameful reasons
Canada was ruled until 1867 but we are still looking for who ruled it and how long
Yes, If the policy was active at the time of the loss then coverage is still valid and not affected by the death of the insured.
I think it really depends on the person's relationship with God before the suicide. There is no way to know for sure, but whether a person goes to heaven or hell depends on their life prior to their death.
Nobody really knows. It is still open to conjecture. Various theories have been put forward, accident, suicide and even murder.