Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

suicide clause

Read a random definition: conservatee

A quick definition of suicide clause:

Suicide clause: A rule in life insurance policies that says if the person who bought the policy dies by suicide within a certain time after buying it, their family won't get any money. This time is usually two years, but it can be shorter in some states. After this time, if the person dies by suicide, their family can get the money from the policy.

A more thorough explanation:

Suicide clause is a standard clause in life insurance policies that limits payments made to survivors of a policyholder who dies by suicide within a certain period after purchasing the policy.

For example, if someone buys a life insurance policy and dies by suicide within the first two years of coverage, the insurance company typically won't pay a death benefit. This is commonly known as the exclusion period. However, once the exclusion period ends, the policy's beneficiaries can receive a death benefit if the covered person dies by suicide.

In most states, the exclusion period is two years. But in states such as Colorado, Missouri, and North Dakota, the exclusion period is shorter, and the beneficiaries can claim death benefits after the policy has been in force for a year.

This clause is included in life insurance policies to prevent people from buying a policy with the intention of committing suicide shortly after. It also protects the insurance company from fraudulent claims.

Suicide | suit

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
LSD+ is ad-free, with DMs, discounts, case briefs & more.