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	<title>New answer on: Does life insurance pay out for suicide?</title>

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		<title>By: Michael Richardson</title>

		<link>https://www.insurancelibrary.com/life-insurance/does-life-insurance-pay-out-for-suicide</link>

		<dc:creator>Michael Richardson</dc:creator>

		<pubDate>Sat, 23 Mar 2019 20:17:09 +0000</pubDate>

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		<description><![CDATA[Individual life insurance doesn&#039;t cover suicide within two years (one year in some states) after the policy begins, but may refund the premiums. Employer-paid policies typically do cover it.How a life insurance policy will handle suicide depends on the type of coverage — individual versus employer-paid group life insurance. Individual policies are the kind you buy on your own; group life insurance is the kind you get through an organization, such as an employer.]]></description>

		

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		<title>By: Scott W Johnson</title>

		<link>https://www.insurancelibrary.com/life-insurance/does-life-insurance-pay-out-for-suicide</link>

		<dc:creator>Scott W Johnson</dc:creator>

		<pubDate>Tue, 07 Mar 2017 16:59:18 +0000</pubDate>

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		<description><![CDATA[As a general rule it will not pay during the contestability time period.  This time period is often two years with most policies.

After that time period it likely would.  However, as with all insurance situation, you will want to read your actual life insurance policy to be perfectly clear.]]></description>

		

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		<title>By: Joseph Graves</title>

		<link>https://www.insurancelibrary.com/life-insurance/does-life-insurance-pay-out-for-suicide</link>

		<dc:creator>Joseph Graves</dc:creator>

		<pubDate>Sat, 13 Feb 2016 17:35:32 +0000</pubDate>

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		<description><![CDATA[I hope the question wasn&#039;t sparked by such an event in your world :-(   Being late to the answer-game, all the comments above are spot on. Combine them all together an you have a wonderful resource. I have nothing more to add other than... &quot;I hope you are ok.&quot; 
-gravy]]></description>

		

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		<title>By: Ty Peck</title>

		<link>https://www.insurancelibrary.com/life-insurance/does-life-insurance-pay-out-for-suicide</link>

		<dc:creator>Ty Peck</dc:creator>

		<pubDate>Mon, 07 Dec 2015 19:26:51 +0000</pubDate>

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		<description><![CDATA[Great question!  After the contestaability period of 2 years, most life policies will pay out for suicide.  If suicide occurs before those 2 years are up, the premiums that had been paid will be returned (depending on the company).  Some people try to get life policies to help their family pay off debts after committing suicide, but the 2 year waiting period is a good way to discourage that practice.]]></description>

		

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		<title>By: Anthony Griffin</title>

		<link>https://www.insurancelibrary.com/life-insurance/does-life-insurance-pay-out-for-suicide</link>

		<dc:creator>Anthony Griffin</dc:creator>

		<pubDate>Thu, 06 Aug 2015 15:00:53 +0000</pubDate>

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		<description><![CDATA[Yes, after the contestability period.
Life insurance policies normally don’t cover suicide deaths that occur during the “contestable period,” which under the laws of most states, is the first two years after the policy is purchased.  State laws limit coverage because lawmakers don’t want to encourage suicide.  They presume that insureds may be less tempted to take their own lives if they know life insurance benefits won’t be paid to their survivors.  Lawmakers also want to avoid abuse of life insurance, the purpose of which is to provide financial assistance to survivors after natural or accidental death.]]></description>

		

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		<title>By: Stan Cox II</title>

		<link>https://www.insurancelibrary.com/life-insurance/does-life-insurance-pay-out-for-suicide</link>

		<dc:creator>Stan Cox II</dc:creator>

		<pubDate>Wed, 01 Jul 2015 20:07:51 +0000</pubDate>

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		<description><![CDATA[Certainly the question has been well answered above, but I&#039;ll go ahead and add my &quot;two cents&quot; worth...

Insurance companies aren&#039;t in the business to give away money for free. So they take reasonable cautions when placing policies. One of those cautions is the exclusion for suicide. Most states have the two year exclusion for suicide, so if committed within two years of implementing a policy they will only return the premiums paid and not the Face Benefit of the policy. With a couple exceptions as mentioned above, after the  two year contestibility period most policies will indeed pay the benefit amount even in the case of suicide.]]></description>

		

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		<title>By: Marcy Tooker</title>

		<link>https://www.insurancelibrary.com/life-insurance/does-life-insurance-pay-out-for-suicide</link>

		<dc:creator>Marcy Tooker</dc:creator>

		<pubDate>Sat, 11 Apr 2015 17:07:18 +0000</pubDate>

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		<description><![CDATA[The answer for policies issued in New York is yes. Life insurance policies issued in the state of New York can not exclude suicide after two years. Most states have either a one or two year maximum exclusion for suicide. This always seems to surprise people. The reasoning is that anyone who is taking out a life insurance policy in contemplation of committing suicide will probably not wait two years before committing the act.]]></description>

		

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		<title>By: marksquires</title>

		<link>https://www.insurancelibrary.com/life-insurance/does-life-insurance-pay-out-for-suicide</link>

		<dc:creator>marksquires</dc:creator>

		<pubDate>Mon, 26 Jan 2015 15:58:48 +0000</pubDate>

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		<description><![CDATA[It depends in which state the application was taken. Certain states, such as Missouri, have an unlimited contestability clause. If the Insurance Carrier can prove that the policy was purchased or replaced with the intent of committing suicide in the future, the carrier is required to refund premiums plus interest but not pay the death claim.]]></description>

		

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		<title>By: Tim Wilhoit</title>

		<link>https://www.insurancelibrary.com/life-insurance/does-life-insurance-pay-out-for-suicide</link>

		<dc:creator>Tim Wilhoit</dc:creator>

		<pubDate>Sun, 25 Jan 2015 17:25:24 +0000</pubDate>

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		<description><![CDATA[If a person is having suicidal thoughts when purchasing a life insurance policy and has been treated, the insurance company will decline the application. Therefore, without that knowledge, the life insurance company will protect themselves with a two year contestability clause. This gives the carrier a two year window just in case anything was missed during underwriting. After the two years suicide or any other cause of death is then covered except a cause specifically excluded by the policy such as act of war.]]></description>

		

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		<title>By: David Pipes CLU. RICP</title>

		<link>https://www.insurancelibrary.com/life-insurance/does-life-insurance-pay-out-for-suicide</link>

		<dc:creator>David Pipes CLU. RICP</dc:creator>

		<pubDate>Tue, 06 Jan 2015 16:48:32 +0000</pubDate>

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		<description><![CDATA[The concept involved is, “contemplation.”  The companies have adopted a fairly universal clause that will contest death by suicide during the first two years of the policy.  The idea is that a person would not buy life insurance in contemplation of suicide two years later. Sometimes a person will buy a policy in contemplation of suicide and try to mask the suicide by staging an accident.  Those cases can lead to litigation.]]></description>

		

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