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Tree Diamond Enthusiast	Posted Will a life insurance policy be paid out if the person had committed suicide? I've heard 2 different versions, and without actually calling an insurance company and alarming them with my question, I wondered if anyone here knew.
	Posts: 5205 | Location: Not of this planet | Registered: 06-16-02

honilov Diamond Enthusiast	Posted Hide Post No, it won't Tree. At least there's a clause in my policy, stating that suicide is not covered. That was also in my brother's policy. Some insurances could be different though, so I can't speak for them all.
	Posts: 6949 | Location: Land of Lincoln, USA | Registered: 07-04-02

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Tree Diamond Enthusiast	Posted Hide Post Thanks for replying honi. Some woman told me that there is a stipulation regarding not comitting suicide within a year or two after getting the policy because they figure if you're going to comit it, you will before that time frame. Hmmm - I wonder....
	Posts: 5205 | Location: Not of this planet | Registered: 06-16-02

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Tree Diamond Enthusiast	Posted Hide Post grrrrr @ no edit button!!!!
	Posts: 5205 | Location: Not of this planet | Registered: 06-16-02

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clarebear Diamond Enthusiast Enthusiast of the Year

Posted Hide Post Most life insurance policies provide that if the insured commits suicide within a specified period, usually two years, after the issue date, the company's liability will be limited to a return of premiums paid. suicide clause see here one more The sites I checked (about 5 of them) have told me the same thing. If you commit suicide in the first 2 years of the policy, they just refund your premiums paid. After 2 years, you are covered. My policy is this way. Some are not. I would call anonymously or look on their website for their policy. I hope nobody is planning on committing suicide!

Posts: 5325 | Location: The Motor City | Registered: 06-03-02

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Tree Diamond Enthusiast	Posted Hide Post Thanks (((((clare))))). No one is contemplating it, but someone HAS committed it - (someone we know - not family)and some of us were wondering how it all worked! Thanks for your info!
	Posts: 5205 | Location: Not of this planet | Registered: 06-16-02

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ic7901 Silver Enthusiast	Posted Hide Post tree, i have 250,000 worth of term insurance with old republic in chicago. there was a 2 year suicide clause when i bought the policy.
	Posts: 647 | Location: . | Registered: 06-27-02

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Tree Diamond Enthusiast	Posted Hide Post Thanks for that info ic7901. That seems to be the fact.
	Posts: 5205 | Location: Not of this planet | Registered: 06-16-02

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