Is suicide covered by life insurance?
Dec 18, 2014
Jamie Fleischner

Jamie Fleischner

18 Dec, 2014

Most people assume that life insurance would not pay death benefits in the event of a suicide.

However, this varies from state to state. Most companies have a 1 year suicide clause. This means that if a suicide occurs within the first year of the policy, benefits would not be paid. Thereafter, suicide would be covered and benefits paid just like any other type of death.

Check with your broker to see what the law is in your state when you sign up for life insurance.

Related Posts

When is it Time to Drop Your Disability Insurance Policy?

When is it Time to Drop Your Disability Insurance Policy?

So much is written about when and how to purchase an individual disability insurance policy. However, little has been written about when to drop the policy. When to buy. It is important to protect your income when you are dependent on your earnings. If you and/or your...

We’re here to help

Getting the right disability insurance can be downright confusing. At Set For Life, we’ll help you understand the options and work with you to select just the right product for you and your family. These articles will help you understand some of the complexities involved, but we’re happy to walk you through it! If you’re ready to get set, reach out for a quote today!