Losing a loved one to suicide is devastating. During such a difficult time, understanding life insurance coverage is crucial. The good news is, most life insurance policies *do* cover death by suicide, but there's usually a catch: the **suicide clause** (also known as the contestability period).
This clause typically lasts for the first two years of the policy. If death by suicide occurs within this period, the insurance company may deny the claim and refund the premiums paid. However, after the suicide clause expires (usually after two years), the full death benefit is generally paid to the beneficiaries.
It's important to carefully review your life insurance policy's terms and conditions, especially the suicide clause. Understanding these details can provide peace of mind and ensure your loved ones are protected in the event of the unthinkable. If you're unsure about your policy's specifics, contact your insurance provider for clarification.
