Anyone know anything about life insurance policies?

[-Tandem-]

I'm having a hard time taking the final steps knowing that I wouldn't be able to leave a loved one with much afterward.

 

[Praestat_Mori]

What do you want to know exactly? Ig you wanna know whether they pay in the case of suicide or not? You have to read and fully understand the contract when you plan to apply for one and if you have one already you have to check whether they cover suicide or not. Afaik most life insurances don't cover suicide for obvious reasons but I heard from users here that their life insurances cover that after a waiting period.

 

[unknown_xav]

Afaik most life insurances don't cover suicide for obvious reasons but I heard from users here that their life insurances cover that after a waiting period.

I second this. You need to check your contract/policy first since each policy is different. Most have a waiting period for such cases. I think an easy way for OP would be to also go on a signed policy pdf and check sections on waiting period, and also nature of death i.e natural, and unnatural etc. can also use word searches such as "suicide" for example. This could help but better to read all fine print especially waiting period, and effect on share of payout based on nature of death.

 

[thot88]

I live in Finland. I have life insurance myself. It compensates for suicide if the insurance has been valid for a year before that.

 

[outrider567]

In the US, you generally have to wait two years before the life insurance will pay out after a suicide

 

[L'absent]

Take the insurance contract and go to a lawyer. He will explain everything to you. Tell your intentions in detail.

 

[needthebus]

I live in Finland. I have life insurance myself. It compensates for suicide if the insurance has been valid for a year before that.

its such an amazing country and people. i wish i were smart enough to learn finnish or be finnish

In the US, you generally have to wait two years before the life insurance will pay out after a suicide

some life insurance pays out for suicide? really???

 

[MyTimeIsUp]

Never heard of life insurance being paid out in the case of a suicide, they don't over here. I'm in the UK and cannot get life insurance, because of my history of attempts.

 

[miyabi]

You might be covered by your workplace pension/benefits/union. Check the fine print. Some of them are willing to pay out for suicide.

 

[alienfreak]

It depends entirely on the country and specific policy