basic lifeinsurance

[the_inbetween]

do you guys know if they still payout to beneficiaries if you commit suicide?

 

[Suicide_vampire]

Most life insurance policies are voided and won't pay out if cause of death is deemed suicide.

 

[HopeDiesLast]

What country are you in? Check your policy documents.

In the US, policies have either a one year or two year suicide exclusion clause (depending on state). If the policy holder dies by suicide after that specified term, the insurance will pay out.

 

[UpandDownPrincess]

Policies written in my state have a 2 year exclusion period for suicide. If you die by suicide before the two years has elapsed, they return your premiums paid, without interest.

It varies by state and you must always check where the policy is written, in addition to any rules in the state where you reside, just in case they are different. (One example of this would be a national employer who has policies written in the state where their home office is, regardless of where the employee lives.)