Life insurance is one of the finest protections in place, it helps you and your loved once, in difficult circumstances, we’re all aware of the fact that life insurance has become an utmost necessity for every family and individual. Obtaining life insurance has become easier than ever before, life insurance companies have dramatically changed processes and are working restlessly to provide their customers with satisfactory services. But, it is a mere fact that life insurance can be confusing if you are not aware of what your policy covers and what it doesn’t. For instance, does life insurance cover suicide is one of the most common questions that can strike in mind when someone decides to buy life insurance. So, if you are wondering the same,
Does life insurance payout in an event of suicide?
It is a misconception that life insurance will not pay out in an event of suicide. Most life insurance policies available out there cover suicide and you just need to consult the right life insurance provider to provide you with the right details.
Remember, it can be difficult to obtain life insurance if there is any mental health condition, self-harm, or suicide attempt. Not all life insurance providers will agree to approve life insurance in such events. Specialist life insurance providers can help you in getting life insurance, and you need to keep in mind that life insurance can be available on non-standard terms which means an increase in premiums.
Suicide can be covered after one year of buying the policy!
In most life insurance policies, suicide can be covered after a certain period has passed. In other words, suicide can be an exclusion for a certain time (1 year in most cases).
If you want to know more about suicide and life insurance, know more from life insurance experts.
We would recommend you to talk to one of our advisers for life insurance quotes.
Any quote that your adviser provides you with will take into account your circumstances, your medical history, as well as your budget!
Call 011-3733-4610 – Monday to Thursday from 11.00 to 19.00 and on Friday between 11.00 and 16.00