We’ve Got The Answers: Does Life Insurance Pay Out in the Event of Suicide?


Today’s Question: Does a life insurance policy pay out in the event of suicide?

Suicide is certainly a tragic event that sadly, affects a plethora of people. It is not something the majority of individuals take into consideration when taking out a life insurance policy, but because it is something that happens, it is important to know how it affects the policies pay out.

Most life insurance policies have a two year suicide provision and incontestability provision. This means, if an individual passes away in the first two years as a result of suicide, the policy will not pay out. The death benefit would be limited to a return of premium.

After two years, however, most insurance policies do pay out in the event of suicide. This comes with one big caveat- you have to make sure the questions you answered when applying for a policy were answered correctly. If the individual has certain mental, nervous disorders or any other health issues that were not disclosed properly, the insurance company could consider the policy null and void. That would also mean the death benefit would be limited to a return of premium.

If you are unsure of any questions or anything in your policy, make sure you get the answers in writing from the insurance company.

If you someone you know is thinking about suicide, please call the Suicide Prevention Lifeline:

1 (800) 273-8255

The Lifeline network is a available 24/7 and provides free, confidential, and emotional support to those in distress. For more information and a complete directory, please visit their website here.

Do you have more Life Insurance questions? We have more answers here!

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