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Simple English definitions for legal terms

suicide clause

Read a random definition: Office of Healthy Homes and Lead Hazard Control

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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1a2b3c4d26z
19:10
Inside thoughts!
19:10
this is where I post my inside thoughts
19:11
Nah, the fucked up thing about therapists is they try and make you think your parents are your enemy 99% of the time and really they should be telling you that your parents have almost no effect on the rest of your life. If they can get you to keep focusing on your parents they can keep making money.
19:12
Yeah, my life really does flow in about 5 years periods.
19:12
My crypto also flows in 5 day epochs too.
19:16
what do you do with your days as an unemployed crypto guy? do you play an instrument or something
19:47
please lawd
19:47
forgive me
19:47
its time to go back to tha old me
19:50
this is what i feel like when i get one single drill question right
19:50
when u get one wrong ;(
therapist slander detected
1a2b3c4d26z
20:37
Anyone got any polymarket locks
1a2b3c4d26z
20:37
Is anyone in here cool like fr cool
1a2b3c4d26z
20:37
Like watch college football cool
1a2b3c4d26z
20:37
Or like
1a2b3c4d26z
20:38
Frat
1a2b3c4d26z
20:39
Sorry guys I'm bored trying to get my Berkeley essay to 4 pages
20:40
no way they want four pages that’s crazy
20:41
bitches wanna be different sooo bad 😴
1a2b3c4d26z
20:42
Technically they want 3 to be completely fair to the powers that be, so I'm really trying to push out to 3
1a2b3c4d26z
20:42
But it's 1/2 inch margins
20:44
assuming it was 2 already, you’ve totally got 3 double spaced pages in you
20:45
should I watch the quirky umich dean videos? i feel like all of you have seen them except me but I can’t work up any enthusiasm for the idea
1a2b3c4d26z
20:54
I like Dean Z not sure why she gets slandered sometimes
1a2b3c4d26z
20:54
I would say yeah, they're helpful. But they can verge on unproductive and stress-inducing if you watch enough of them (especially the application read-through ones)
21:07
okay I’ll check them out
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