Losing a loved one is devastating, and dealing with life insurance claims can add to the stress. A common question is: does life insurance cover suicide? Generally, the answer depends on the policy's terms and the timing of the death.
Most life insurance policies have a 'suicide clause,' typically lasting 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. This is to prevent someone from purchasing a policy with the intention of suicide.
However, if the suicide occurs *after* the suicide clause period (usually two years), the policy typically *will* pay out the death benefit. There are exceptions, such as if the policy was obtained through fraud.
Navigating these complexities can be difficult. Review your policy carefully and consult with a qualified insurance professional or legal expert for personalized advice.
