do life insurance companies pay out on suicides

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Question by woodie
Submitted on 8/4/2003
Related FAQ: Suicide - Frequently Asked Questions
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do life insurance companies pay out on suicides

Answer by CareBear
Submitted on 4/8/2004
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It all depends on your policy - some do some don't

Answer by Lynni
Submitted on 7/10/2004
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Yes, some insurance companies do pay after a suicide. It is usually mandated by a certain time frame. example: If you have had the policy for over 2 years...the person committs suicide....some policies will honor the policy.

Answer by janeej
Submitted on 7/13/2006
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Actually, generally, no. There ARE existing policies that do, but for the most part, no way. Insurance companies are generally about protecting their money, and while it sounds cold--well, it IS cold--they don't want suicide to be an incentive for someone to buy a policy with a large payout for the purpose of providing for his/her family by committing suicide. It has nothing to do with the provider caring about how you die. However, my real concern is, Why Are You Asking This?

Answer by lindsariah
Submitted on 9/29/2006
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it depends on the specific details of your contract with the insurance company you would need to discuss it with them

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