Does Suicide void a Life Insurance payout? Would a suicide still be considered accidental death?

62 Answers

  • KL
    Lv 5
    1 decade ago
    Favorite Answer

    Suicude is usually not paid by Life Insurance policies to prevent people buying insurance then killing themself. Suicide is not considered accidental death -- by definition it is actually murder (of the self). While I am sure that are a number of "accidental deaths" that are actually suicides and life insurance gets paid (getting in a car wreck on purpose for instance) if the insurance company has any suspicions they are going to investigate heavily.

    I hope you're not asking this because you are thinking of killing yourself.

    • car253
      Lv 7
      5 years agoReport

      Life insurance pays for suicide after 2 years the policy has been in force.

  • 4 years ago

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    Does Suicide void a Life Insurance payout? Would a suicide still be considered accidental death?

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  • 4 years ago

    I doubt you will ever get a life insurance. Suicide is a crime that never covered under any policies of Lifeinsurance companiees.

    Quote : Does Suicide void a Life Insurance payout? Would a suicide still be considered accidental death?

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  • 3 years ago

    Life Insurance Suicide

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  • 4 years ago

    Usually there's a waiting period after the purchase of a policy before it covers death by suicide, to ensure that somebody doesn't buy a policy with the intention of knocking themselves off so their dependents can collect the money. You really need to read the fine print in the policy to be sure. Is this a term life policy or a whole life policy? I'm guessing whole life, as the premium on a $110K term life policy would probably be no more than $10-$15 a month which most folks could afford even in the direst of financial circumstances. If it's whole life and he's had it a while, I would recommend cancelling it to collect whatever cash value has accumulated and buying term life for much less money. It sounds like there are some financial problems here, which maybe the cash from the whole life policy would help with. I wish you the best!

  • Anonymous
    6 years ago

    Suicide voids always an insurance payout. It's clearly not considered as an accident!

    BTW: Life is beautiful and suicide never an option!

    Take care


  • 4 years ago

    Bill Humphrey

    Life insurance policies have a contestable period of 2 years. If someone purchased a policy and the insured commits suicide within 2 years, the insurance company would simply refund the premiums paid. If the insured committed suicide after 2 years from the policy issue date, the death benefit would be paid to the beneficiary.

    A suicide is not considered an accidental death.

  • 1 decade ago

    Suicide is NOT an accidental death, it's deliberate.

    Suicide voids a life insurance payout if it happens within 2-3 years of the day the policy is first purchased (time period varies, check your policy to find out the exact period of time).

    • Shashank S5 years agoReport

      what if anyone commits suicide after this period? will it be paid or not?

  • 1 decade ago

    I think the law is different in different States. I did not know where you are located--but this is the general answer.

    Suicide Clause:

    A limitation in a life insurance policy that states that if an insured commits suicide during the initial term of the policy (usually two years), that no death benefits will be paid by the insurance company


    Accidental Means:

    An uncontrollable, unforeseen event that occurs which results in accidental bodily injury (See also Accidental Bodily Injury). The mishap itself would have to be accidental in addition to the injury.

  • ?
    Lv 4
    4 years ago

    For the best answers, search on this site

    If the policy is an individual whole, term or universal life insurance policy and has been in force for at least two years, then the face amount (less any outstanding loans) would still be paid to the named beneficiary. If either of these types of policies has been in force for less than two years, then the claim will be denied. The claim will also be denied if the policy is an accidental death policy since these type of policies always exclude suicide as a cause of death. In terms of the cost -- if the policy is a Universal Life Policy, you might want to contact the agent who might be able to suspend the payment for a few months and let the policy pay itself from the accumulated value. If it is a Whole Life Policy, the agent might be able to help by using the cash value to obtain a smaller paid up policy. If your father is ill under either of the policy forms if you have the Waiver of Disability Provision, you might be able to have the policy payments covered through the Waiver. I suggest that you check with the Agent that sold your father the policy. It also doesn't hurt to make sure that the beneficiaries are up to date -- listing a Primary and Contingent. Also fyi if your father is seriously depressed or ill, do not even consider cancelling his policy to purchase a cheaper term policy as some here advised. Cancelling an existing policy and trying to purchase a new one would start the clock running again and it could end up that he would be uninsurable and still end up with a higher rated policy. Note if you believe your father is contemplating suicide, I urge you to seek help by calling 1-800-SUICIDE. They will provide you with immediate access to free and confidential suicide prevention and support. I wish you and your father good luck.

  • 6 years ago

    Actually, it is quite possible that an Insurance company would pay out; despite what people seem to naturally assume (this is the situation in the the UK at any rate). Obviously they wouldn't pay out if the policy was taken out just before the death, as this would indicate clear premeditation. However, most companies would have a period, usually about 12-24 months, after which they would pay out in the event of a suicide. The only thing that might preclude this from happening is if a previous mental health problem (or the severity of it) etc were not declared when the policy was purchased.

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