does it pay on suicide

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Posted: Wed Jan 28, 2009 8:01 pm Post subject: does it pay on suicide

does it pay off on suicide

ShortCircuit49

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Joined: 28 Jan 2009
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Posted: Wed Jan 28, 2009 8:19 pm Post subject:

Not if it's an accidental suicide whereby the self-inflicted injuries fail to cause the unintended effect, if so, payment is predicated on the success of the accidental self-inflicted injuries and the suicide exclusion clause being satisfied satisfactorily causing termination and payment. See THIS LINK. It contains everything you EVER wanted to know about life insurance suicide clause. _________________ Gary Spicuzza, SAFE Copyright 1956. No Rights Reserved. Self Appointed Financial Expert

GarySpicuzza

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Location: West Pasco County, FL
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Posted: Wed Jan 28, 2009 8:36 pm Post subject:

The suicide exclusion is not really an exclusion at all, but is designed to exlude insurance payment in the event of suicide after a certain period of time after which it is determined whether or not the suicide was either intentional or accidental. _________________ "The good you do today may be forgotten tomorrow. Do good anyway." — Mother Teresa

InsuranceMaze

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Joined: 16 Oct 2007
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Posted: Thu Jan 29, 2009 9:29 am Post subject:

Life insurer would pay the death benefit regardless of the cause of the death. So, they would pay for the suicidal death as well. However, most of the policies would set two years period within which a suicidal death may not qualify for the death benefit from the policy.