Will Life Insurance Cover Suicide?

Life insurance is a contract to pay out a death benefit if the insured person dies during the time the policy is “In Force”. The owner pays premiums to the insurer and the insurance company promises to pay out a covered claim for death of the insured.

However, death resulting from an intentional act is not covered; such as, suicide.

But, there is a suicide exclusion in basically all life insurance policies that excludes suicide if it occurs within the first two years of being insured.

A few states have a one year suicide exclusion.

So, if the insured dies as a result of suicide, after the suicide exclusion period has expired, the insurance company will pay out a death claim on the life insurance policy.

Learn more about life insurance and suicide.