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Has there ever been a case where the life insurance company paid for a suicide before the two year contestability period was up?
I would seriously doubt it, and if you are suffering from some form of depression and you think your family would be better off if they had your insurance money but no you, I don't think I would have much faith in being the first one to test an insurance company's resolve to maintain that 2-year barrier. Otherwise, what's the point of writing it in? Insurance companies, last I knew, were not registered as charities, and they aren't going to make much business from selling depressives life insurance if they intend to waive the clause because they feel sorry for your widow and children. Please, you are talking with someone who has fought depression for many years, your family would be better off if you thought more about getting some medication and therapy than testing your insurance policy. Remember, only you think you are worthless. To your family, you are worth your weight in gold and it would not be fair to them to take yourself away from them. Phil
What else can I help you with?
Can wife collect life insurance if husband commits suicide?
Most of the time the answer is yes. There is a two year contestability clause on life insurance policies. If the policy is in force past this period then the insurance company is not allowed to contest the policy no matter what the situation. Even in cases where the person outright lied to the insurance company and thereby committed fraud the company will pay the benefits without regard. I have had one case in my time as an agent whereby a suicide occurred before this two year period was up. What happens in this case is that the insurance company will return all premiums paid by the insured plus interest. The spouse did not expect even this and was not asking that the policy benefits be paid. She was familiar with the clause and was happy to receive anything from this policy. She did receive payment from other policies he had because they were beyond the two year period. I hope this answered your question.
Does life insurance pay on a suicide before two years?
Life insurance does normally include an exclusion period for suicide, and 2 years is common. It depends on the state you live in.
Does life insurance covers suicide in Missouri?
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.
How do you apply to become a contestable consumer?
Before applying for contestability, you have to check your eligibility and that can be done with your existing retailer.
Your husdand died of AIDS but no doctor tested for it can you get his life insurance?
Typically yes, unless the insurance company has proof that your husband was aware of his AIDs before getting the life insurance, then they might try to fight it. Aside of that, typically the cause of death doesn't effect things unless it's suicide.
Can you charge the insurance company for your funeral before you die?
No
How to find out on the internet which insurance company a construction company is using?
Insurance company information is not a public record and is not available on the Internet. If you are hiring a contractor to do work on your property, you can require them to send you a Certificate of Insurance, showing that they have sufficient insurance coverage before they begin working. The certificate will show the name of their insurance company.
Does your insurance go up for running a light in NJ?
It should if your insurance company finds out about it before your renewal.
If your insurance company drops you before a claim is settled how do you get insurance coverage on your home?
They should not drop you before a claim is settled. If they have contact your state department of insurance and file a complaint.
What is the amount you pay before insurance company pays anything?
deductible.
What insurance company took over The home Life Insurance Company of America in Philadelphia Pennsylvania?
Before an insurance company can sell insurance in a certain state, it must register with the State Dept of Insurance. If the company is sold, then it must notify the Dept of who it was sold to. If it just closes down, its policies were likely sold to another company, the Dept will have to be notified of that as well. Contact the PA Dept of Insurance and inquire there.
How do you find an old insurance company named The Union Life Insurance Company in Richmond VA?
== == Before an insurance company can sell insurance in a certain state, it must register with the State Dept of Insurance. If the company is sold, then it must notify the Dept of who it was sold to. If it just closes down, its policies were likely sold to another company, the Dept will have to be notified of that as well.Contact the VA Dept of Insurance and inquire there.
