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LSDefine

Simple English definitions for legal terms

suicide clause

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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

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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