suicide clause
- A rule in life insurance policies restricting payout if the policyholder dies by suicide in a certain time after buying the policy
- The family was denied claim after the insurer pointed to the suicide clause in the policy.
- The suicide clause is designed to deter people from buying policies with malicious intent.
- Due to the suicide clause, the policy was not payable, as the death occurred within two years of issuance.
Provide Feedback
