I'm looking for well-known global insurance or wealth management companies that offer substantial payouts with relatively short waiting periods before taking effect. Specifically, I need to know if any of these policies still honor payouts in cases of suicide. I'm a foreigner residing in Korea.
-
UK users: Due to a formal investigation into this site by Ofcom under the UK Online Safety Act 2023, we strongly recommend using a trusted, no-logs VPN. This will help protect your privacy, bypass censorship, and maintain secure access to the site. Read the full VPN guide here.
-
Hey Guest,
Today, OFCOM launched an official investigation into Sanctioned Suicide under the UK’s Online Safety Act. This has already made headlines across the UK.
This is a clear and unprecedented overreach by a foreign regulator against a U.S.-based platform. We reject this interference and will be defending the site’s existence and mission.
In addition to our public response, we are currently seeking legal representation to ensure the best possible defense in this matter. If you are a lawyer or know of one who may be able to assist, please contact us at [email protected].
Read our statement here:
Donate via cryptocurrency:
Bitcoin (BTC): 34HyDHTvEhXfPfb716EeEkEHXzqhwtow1LEthereum (ETH): 0xd799aF8E2e5cEd14cdb344e6D6A9f18011B79BE9Monero (XMR): 49tuJbzxwVPUhhDjzz6H222Kh8baKe6rDEsXgE617DVSDD8UKNaXvKNU8dEVRTAFH9Av8gKkn4jDzVGF25snJgNfUfKKNC8
TheHolySword
empty heart
- Nov 22, 2024
- 1,084
I don't know of any insurance companies that realistically provide anything like this. Especially for suicide. Insurance companies very famously do not like paying money out, they will try to find any reason to pay out the minimum (or nothing at all). In cases of suicide, many companies won't pay out for it all and others have 2 years or longer coverage requirements. And even still, if you fail to disclose any mental health issues or suicidal ideations they can refuse payout on a suicide. If you're looking for a large payout from suicide, it's a time commitment and you're taking the chance that it won't even pay out.
MidnightCat
Still 3 more lives to go.
- Jan 1, 2023
- 308
That's basically it...
While some have clauses for it to be cover over 1 year...
Most of the time they'll cling to something in the contract to refuse payout. You can't really rely on them honouring without your relatives suing them, which to be honest... They won't probably be okay enough to do...
When it comes to suicide, the policy must be in effect for two years before they will pay out.
outofbounds
Member
- Jan 28, 2025
- 23
I don't know how things work in Korea specifically, but as others have said, life insurance usually has a waiting period before it'll pay out for suicide. It may be useful to look into getting a job that has company paid life insurance. I haven't looked into this from the suicide angle, but the insurance company doesn't ask a lot of questions when your company signs you up, at least not where I live. Maybe you could get a more favorable policy that way?
Probably not the answer that you were hoping for, but you just have to go read all the fine prints of all the insurance companies that you are considering. Read their terms and conditions and their rules when it comes to suicide, it can differ a lot between companies. One company where I live let the policy kick in after having had the insurance for 1 year, while other companies don't pay out at all in the case of a suicide, it is all stated on their websites.
danny10
Banned
- Jan 8, 2025
- 264
I am not an expert but in my opinion if your CTB looks like an accident, than they might pay something. For example if you go on a hike and jump off of a cliff, it could be ruled as an accident if there are no eyewitnesses. But make sure to leave enough time from when you subscribe for insurance. I mean if you get insurance and die the next day that would be flagged as suspicious. But if you die 2 years later, they might pay something.
