it will only pay for living ones. LIFE INSURANCE = LIVING? DEAD = LIFE INSURANCE? LIFE, DEAD? duh...

they need to make it look like an accident, maybe drive off a cliff at 60 mph

idk i agree with you it doesn't make much sense.

its LIFE insurance, not death insurance.

well thats why you should save your money and not give it to the greedy life insurance companies

because it would be an easy way out

take out a 500,000 dollar policy...kill yourself and your family is set

They will have about 490000 dollars to spend

yeah insurance companies try to get away with stuff like this all the time

i dont know why dont you ask them?...

because life insurance is to provide for your family incase of an unplanned death to make sure your family is taken care of. but if you kill yourself it is planned, therefore you should of thought about that in your plan.

I'm pretty sure that you can get insurance that would cover suicide.. but it wouldn't pay out unless you died after a certain date.

Source(s)

I think i saw that in a movie...

It does make sense. Why would you give money for someone's funeral who was stupid enough to take their own life? I sure woulnd't

Because the companies are run by a bunch of greedy, profiteering, gluttonists. They only care about profit and not people. It's a sad fact of reality that insurance companies and other big corporations look for the smallest fine print to screw you over.

Life insurance doesn't pay in the case of suicide because there are people who are desperate enough and who care about there family enough to take their own lives in order to ensure their families financial survival.

uhhhh.. when you kill yourself, you kinda hate yourself.. and why should the insurance company pay for some idiot that killed himself

If you plan to kill yourself and buy a insurance policy knowing this, this is unfair to the insurance company. It is the same as knowing you are dying and running up a lot of credit card debt knowing you dont have to pay it back, sad but dishonest and wrong.

If insurance paid out for suicide, the number of suicides would drastically go up. It is a deterrent for not committing suicide. Suicide is a choice, where murder, illness or natural causes are not. It is very sad for the surviving family members, but I can understand why they do not pay out for suicide.

because suicide isnt accidental. it is self inflicted by the person. so why should they pay out for all the suicides that go on everyday? its not their fault people cant handle the jandle and kill themselves. they have a choice of life and death ad they choose death which makes the insurance VOID!! where as murder has no choice for the victim

They don't want to encourage suicide. There are people out there that feel they are in such a desperate financial situation that the only way they can help their families is to ...

You don't get it, there are messed up people out there who would get a huge life insurance out and then kill themselves so the family gets it.
Sure, they dont get the benefits, but technically they're ripping the company off.

It wouldnt make sense if they didn't pay after a murder, how do they know the murderer is somebody that would even benefit from the insurance claim. Could be me killing you, if your life insurance is 10 million am I even gonna know that, am I a beneficiary? Don't think so.

Because then everyone who was planning to kill themselves would take out enormous life insurance policies, then off themselves. They probably would even be thinking that they were helping their families and that their family was better off without them.

If insurance companies can find any reason not to pay then usually they won't.

I understand your point of view but the trouble with paying out on people who commit suicide is that sometimes a person deliberately takes out a policy because they are intending to commit suicide and want to leave money for their loved ones which is not being fair to the insurance company or other policy holders.

This might help: answers.yahoo.com/question/index?qi...

I can't remember why, but my dad was telling me his life insurance only covers suicide after you've been insured for a number of years. I guess this prevents people who are considering suicide from buying a ton of life insurance right before, then killing themselves before they pay much of anything in the way of premiums.

You could look at it as insurance companies protecting themselves, but it might even help to protect people who are feeling suicidal over financial stresses. If they are depressed because they can't manage to support their family, they might see it as a solution to buy a million dollars worth of insurance, then commit suicide. If they know their family wouldn't get the money if they commit suicide, maybe the depressed person would be more likely to seek help and muddle through.

WOW! you are not very smart! lmao

because people will try to trick the system. just think a person is having financial problems in their life and they really don't want to be here, they open up a life insurance company and the company has to pay the family the money. if that continues to happen the company will make no money and that is the point of having a company. also people may fake their deaths, so once again the company will be losing money!

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my wonderful brain!

Well it speaks for itself. It is the Insurance for your Life that You pay for...for your life. If you choose to take that life well it isn't covered. It isn't Death Insurance. I understand why they have such rules and yes it's unfair that they don't atleast pay for the funeral but it is not the insurance companies fault for someone who unfortunately commited suicide. They are there for accidental or natural causes death. Also its because if everyone who was insured commited suicide will be rewarding their family members for their death and that wrong. imagine how many ppl can make a murder look like a suicide to collect on ones death. there has to be some kind of limitations and rules to insure that life insurance remains paying for life and not self inflicted de

I know it has to do with that fact most insurance is "accidental", and suicide is not seen as accidental, cause most people plan out their suicide.

And the life insurance companies MAY have the belief that the family could have helped and prevented this. I know that it's hard to prevent something like that, they the companies don't.

I know its not right and all, but it is the way it is.

Gosh! what's up with ya? :) If someone did that intentionally..who the hell the insurance company would pay...? :) If they do, they're breaking the rules & possible more cases will follow..:) so to avoid such thing not to happen in the clean society we are in, everything must go through their rules sweetie.. in the first place when someone sign up for an insurance policy the statement is clear...very clear for every clients....hm...Good day.

Are you aware of how many people die daily.

That's a hefty sum for the Insurance company to pay.

Which would in turn, raise the monthly/yearly payment incredibly high.

most life policies only have a 2-year exclusion on suicide. if the policy is longer find another company

Many life insurance companies, such as the one I work for will pay out on suicide, but only after the policy has been in force for two years. Some people will be contemplating suicide and will take out an insurance policy for that reason. Why should an insurance company pay for someone who buys a policy knowing they are going to commit suicide? Insurance companies have to protect themselves.

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I'm a life insurance agent

That's why suicide is a very selfish act - it saddles the relatives with extra bills, and lots of guilt. It's not the fault of the insurance company, it's the fault of the suicide.


Life insurance isn't in the business of helping families and friends pay for funeral costs. Just like YOU aren't. They're bookies. They're betting if you're going to die or not. Just like baseball, you're not allowed to bet, if you're in a position to throw the game.

Because insurance wants to cover perils that either: a) may or may not occur or b) will occur but may not occur for some time. They do this because they need to generate enough premiums to pay claims, cover expenses and make a profit. If an insurance company issues a policy to someone who then commits suicide the policy will not generate any premium for this policy (which is why many policy excludes suicide for two years, so that the insurer can generate some premium from the policy). The insurer would have three options: 1) Increase rates (which is unfair to the rest of us); 2) Stop issuing life insurance policies (which is unfair to the rest of us); 3) Exclude suicides or exclude suicides for a length of time (which is fair to the rest of us).

Life insurance policies specifically exclude cause of death to be suicide.
If they would accept that, then there would be a lot of suicidal ppl out there who would take advantage of the situation, and the insurance companies would go bankrupt.
As far as the relatives HAVING to be liable for a funeral.. it really isnt so. If there is noone who can take care of the funeral costs, the body will be cremated.