Suicide Clause

A clause in a life insurance policy that specifies if the insured commits suicide within a specific period of time (usually 2 years of issuance of the policy), the insurance company will not be required to pay the death benefit. In this case, the insurance company will only be required to return the premiums paid during the life of the policy. The obvious reason for the suicide clause is to prevent someone from purchasing a policy with the intent of taking their life to benefit their beneficiaries.

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