Question about life insurance involving suicide?

Florida Sportsman

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  1. #1
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    Question about life insurance involving suicide?

    My childs father passed away, how can you find out who his policy holder of life insurance is? strained relationship with family and called employer and would not give out the information.

  2. #2
    Senior Member badbullgator's Avatar
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    Most life insurance doesn't pay if the person killed themselves.
    "No free man shall ever be debarred the use of arms. The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government"

    -- Thomas Jefferson, 1 Thomas Jefferson Papers, 334

  3. #3
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    Quote Originally Posted by badbullgator View Post
    Most life insurance doesn't pay if the person killed themselves.
    Not true but there are almost always contestibility periods. They don't want people taking out life insurance only to kill themselves and then expect payouts to beneficiaries. Most I have seen have two year contestibility periods for suicide, but you can also fight it if it can be proven intent of suicide did not exist when the policy was taken out.

  4. #4
    Senior Member badbullgator's Avatar
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    See that is why you shouldn't listen to people on the interweb. Half of them are wrong.
    "No free man shall ever be debarred the use of arms. The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government"

    -- Thomas Jefferson, 1 Thomas Jefferson Papers, 334

  5. #5
    Senior Member wizfisher's Avatar
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    No idea about how the insurance stuff works.

    Sory for your child and the loss of their father.

  6. #6
    Senior Member Larry Mac's Avatar
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    I know a friend who's wife committed suicide and he still received life insurance because of the mental illness leading to or being a big cause of the suicide.

  7. #7
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    Suicide exclusion drops off after two years (end of the contestability period). At least in Florida. Check bank statements for premium payments.
    G/B/A

  8. #8
    Senior Member SAENole's Avatar
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    2 years is correct.

  9. #9
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    Sad story, and sad you can't get the info you need. However, is this true that if you off yourself say 10 years after you take out a life insurance policy it is without a doubt paid???

  10. #10
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    Quote Originally Posted by Desperado View Post
    Suicide exclusion drops off after two years (end of the contestability period). At least in Florida. Check bank statements for premium payments.
    This is correct and a good idea to check bank statements. Was there a will? Would be identified there unless it was provided by employer, then maybe not. Check with a life agent to see what fiduciary responsibility a carrier would have, or an attorney. I am having dinner tomorrow with an insurance defense attorney and will ask him and then I will send you a pm.

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