If a person commits suicide in Texas, will their life insurance pay the family?
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
Auto Insurance Auto Insurance Company Best Golf Boston Celtics Buy Insurance Car Auto Car Insurance Company Insurance Dad Game Golf Ball Golf Balls Golf Cart Golf Club Golf Clubs Golf Course Golf Courses Golf Game Golf Swing Golf Tournament Good Golf Handicap Health Insurance Holes Insurance Insurance Auto Insurance Car Insurance Company Insurance Life Insurance Work Irons Life Insurance Life Insurance Company Life Insurance Policies Life Insurance Policy Lot Money Parents People Play Golf Playing Golf Taylor Lautner Term Insurance Tiger Vw Golf
WP Cumulus Flash tag cloud by PopVan.cn and Rve requires Flash Player 9 or better.
3 Responses
2.1.2010
Best Answer – Chosen by Voters You are inquiring about the incontestibility period. Most policies have a two year period in which the death cannot be contested by the insuring company. Some companies have a one year incontestibility period and some as high as five years. You will need to check with the company.As long as the incontestibility period has passed, unfortunately, suicide (or any other reason for death) is covered by life insurance. I've been in the business over 20 years.
2.1.2010
Suicide is a valid for death benefits, after two years, because it is assumed that if that much time has passed, the suicide would be unrelated to the purchase of the life insurance policy. Source(s): Fundamentals of Risk and Insurance, Vaugh and Vaughn, 2008
2.1.2010
Most life insurance does NOT pay for suicide. You will need to check with the insurance company and read the policy very carefully.