I've heard that is only true for new policies

Sep 2, 2014
8:04:39pm

StantonMac

They don't want someone signing up for a big policy, then killing themselves. But if the policy has been in place for years, it should still pay out.

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StantonMac

Bio page: StantonMac
Joined: Mar 2, 2001
Last login: May 5, 2024
Total posts: 32,043 (2,698 FO)

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Messages

Author

Time

If a life insurance owner commits suicide it voids the life ins policy right?

BYUfan92

9/2/14 8:01pm

Not always. I believe my first policy covered it as long as it didn't occur w/in

Non-donor troll

9/2/14 8:02pm

That's not the case with mine.

Alister Mackenzie

9/2/14 8:03pm

I've heard that is only true for new policies

StantonMac

9/2/14 8:04pm

It typically depends on how long you have help the policy.

brj8

9/2/14 8:05pm

After a year or two (IIRC) you are free and clear to make a fatal mistake.

Ragnar Danneskjold

9/2/14 8:06pm

Most policies cover suicide after holding the policy for 2 years

KingDave

9/2/14 8:08pm

No. Not after the two year contestable period.

Jeffacka

9/2/14 8:08pm

mine has a 2 year suicide clause

Coog4Life

9/2/14 8:08pm

Here is the text from my benefits plan:

brj8

9/2/14 8:13pm

thanks all. that is encouraging

BYUfan92

9/2/14 8:25pm

If his next question is how to fake suicide,

SoCalCoug

9/2/14 8:29pm

Two words: Angel's Landing

OpusX

9/2/14 8:38pm

I'm not entirely confident she hasn't at least pondered the question!

BYUfan92

9/2/14 9:30pm

A long time ago I worked with a guy who

Yfan4Ever

9/2/14 10:51pm

some insurances yes, some no

lightmann

9/2/14 11:23pm

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