2006-11-27 02:37:01 · 25 answers · asked by Anonymous in Business & Finance ➔ Insurance
If you people who answered this with a definite "No" will read an insurance policy, they almost all say it will not be covered for two years after the issue date. This is standard policy provision and means that if the policy is over two years old, it will pay. Also if you did not have aids when the policy was taken out, it will pay for that as well. If you don't know the answer, please don't give wrong advice.
2006-11-27 03:22:24 · answer #1 · answered by deep5223 4 · 4⤊ 0⤋
This Site Might Help You.
RE:
Do life insurance policies cover suicide?
2015-08-19 02:57:52 · answer #2 · answered by Livy 1 · 0⤊ 0⤋
Insurance policies do not cover suicides and murder for profit.
There was a case several years ago in Pennsylvania that said that suicide is mental illness, so since mental illness is covered, then suicide should be covered. The case lost in Pennsylvania and lost upon appeal!
TX Guy
2006-11-27 02:47:17 · answer #3 · answered by txguy8800 6 · 0⤊ 0⤋
If the policy is issued less than two years ago, most life insurance policy won't pay suicide claim, however it can be very state to state.
In insurance business for eight years.
2006-11-27 02:41:38 · answer #4 · answered by Ted 4 · 1⤊ 0⤋
YES....almost all life insurance policies will pay for suicide.
BUT and this is a big BUT....
They won't pay if the policy is less than two years old.
So the policy has to be more than 2 years old before it pays for death caused by suicide.
2006-11-27 06:12:26 · answer #5 · answered by markmywordz 5 · 1⤊ 0⤋
No, it's not unusual. Most life insurance policies will cover suicide, after the contestable period is over.
2016-03-12 23:26:13 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Depends on the policy. Many will cover suicide, but only after a set time (like two years) after the policy is taken out.
2006-11-27 02:39:20 · answer #7 · answered by Teekno 7 · 3⤊ 0⤋
Some do, some don't. Those that do, have a statute of limitations for a minimum length of time the policy is held before the policy holder commits suicide.
2006-11-27 02:45:01 · answer #8 · answered by cirestan 6 · 0⤊ 0⤋
Most don't. Have the person this concerns check the insurance company policy or with an agent connected with the company that the insurance is through.
2006-11-27 02:46:55 · answer #9 · answered by Anonymous · 0⤊ 0⤋
I don't think so. And there IS more than one way to find out. One of them is to ask your insurance company or the insurance company of the person who has committed suicide.
2006-11-27 02:38:01 · answer #10 · answered by MsFancy 4 · 0⤊ 0⤋