One of the questions from my life insurance clients is about suicide. Is suicide covered? They always asked. So I decided to write a little blog about it.
Each life insurance policy is different, but most contain a suicide provision. The suicide provision states that if the person covered by the life insurance policy dies as the result of suicide within two years from the policy issue date then any beneficiaries would not be able to collect the death benefit. Otherwise, after the two year suicide provision period, the policy should pay the death benefit to the beneficiaries. But, again, check the policy's exclusions section, since the suicide provision can be different for each policy.
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