It's a pay monthly policy, usually, that pays out the amount you've contributed after death. But there are loopholes and in the other thread on this someone said they won't pay out for suicide.
Most policies, if they pay out for suicide, won't pay out for that cause of death for the first years of the policy. The insurance company wants to make some money on the monthly or annual premiums first.
When I opened my bank account included a life insurance. A funny clause said that doesn't paid anything in case of suicide (Funny because I'm suicidal).
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