I Have Had A Universal Life Policy With State Farm For 15+ Years. Will My Claim Be Paid If I Commit Suicide?

1. 

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   David G. Pipes, CLU®, RICP®

   Business Development Officer, T.D. McNeil Insurance Services, Fresno, California

   I am not a State Farm Agent, however, you have had the policy more than two years and the suicide clause in the policy is not applicable any longer.  The reason for the clause is so that people would not buy a policy just to collect on a benefit by committing suicide.  That is not to say that suicide is a good idea.

   Answered on April 25, 2014

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2. 

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   Jim Winkler

   CEO/Owner, Winkler Financial Group, Houston, Texas

   I would like to say that this is a good question, but it is not. If this is a cry for help, please go see someone, anyone who you can talk to. Do you for a second think that your beneficiary would rather have money than you? Do you honestly think that leaving them money instead of you is good? Please seek help immediately. I do not wish to be offensive, but all life is sacred, and that includes yours.

   Answered on April 25, 2014

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