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How to Collect Life Insurance If Suicide Is Committed

Tuesday, September 15, 2009
Related Tags: suicide | insurance | policy | collect | beneficiary
 

Instructions

  • Step 1:
    Review your policy. Look for the suicide clause. Specifically you are looking for limitations and considerations given to suicide cases. Most suicide clauses state that a person has be under the policy for at least a year to receive insurance.
  • Step 2:
    Request a refund of premium if suicide occurred before one year.
  • Step 3:
    Prepare a claim for mental illness. The idea is that people waiting to commit suicide are not going to wait for one to two years so the beneficiary can collect on the payment
  • Step 4:
    Understand your rights. As the insured, the burden of proof is on the insurer, not you, to prove it was a suicide.

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