 Can someone take out a life insurance policy on a mentally retarded person who didn't know what he was signing |
| This person was mentally retarded (52) and died of brain cancer. HIs brother (an attorney) took out an insurance policy for the 52 year old. The 52 year old did not really know what he was signing. ... |
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 Sheila's wheels, why is this form of sexism aloud in society? |
| I could be a great male driver never crashing, yet I'm discriminated against and stereotyped (if you like) because I'm male. It's sexism. Should black people be charged more for life ... |
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 Is it a wise investment decision for me to pay $55/month for a life insurance? |
| I am a 25 year old college student. I am not worrying about the coverage, it is a nice one, but rather $55/month I could invest somewhere else or put back in a bank.... |
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 My grandson threw a cup and broke my new $2000 TV. The warranty does not cover.The damage is $2300.? |
My homeowners insurance company denied the claim. I do not understand my policy covers for "malicious mischief". Are they cheating me?
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He is only 3 years old ... |
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 Life Insurance.........? |
| I want to get a life insurance policy and would like to know more about what type to get. Just want a policy that will pay out if I die (car accident,cancer,illness,etc etc) and not really one that ... |
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 What would be YOUR plan to resolve the health care problem in the U.S.?? |
| It seems to me that every medical procedure that IS NOT covered under insurance has a price tag that has plummeted. Examples are Lasik, or RK surgery, plastic surgery, implants.... I remember when ... |
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 If a person dies suddenly, who is responsible for their debts? |
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I have a life insurance policy that will cover my funeral expences. A small loan I have has life insurance. I was wondering if my life insurance policy would pay off ... |
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 My husband has recently died and the insurance company that he paid in for his pension...? |
| has asked for a year's payment back. He was paid yearly - in arrears - and a payment was made 8 days after he died. I worked out that the repayment was £15 (for the 8 days overpayment) and ... |
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 If you have fully comprehensive car insurance are you covered for third party on other vehicles? |
| For example if I was insured on one car fully comprehensive and wanted to drive another not on the policy, is the driver covered with third party insurance? If the other car owner has gave permission ... |
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 Is it a good idea to combine my car insurance with home owners insurance? |
| With Farmers Insurance? Is there a catch to it, since it sounds too good to be true. My old policy is only liability and covers around $15,000 per accidents, (monthly is $43.00). The new policy ... |
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 Do you pay taxes on a Life Insurance payout? |
| my father died and my mother will be seeing her tax person. Will she be paying taxes on the money she collected from my dads life insurance?... |
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 I'm driving uninsured. We can't afford our vehicle insurance. Is it nuts to drive out of town? |
| Please settle an argument between my husband and I. We drive in our town back and forth to work, and I feel ok with that. I want to rent a car tonight because we have to go to an interview. It'... |
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 How does someone without insurace seek treatment for an injury? |
| A friend of mine injured her knee in a fall three weeks ago, and it's still in really bad shape. She went to an urgent-care facility, where they took X-rays. Unfortunately, these were ... |
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 Have u heard of Primerica? |
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I was just wondering. I was offered a job there and was wondering if its a good way to go? seems all to good to be true. set my own days and hours. and i can get ... |
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| I just bought a condo. Do I need homeowners or renters insurance? Who do you recommend I use? |
I'm looking for something cheap since I'm just out of college. The exterior of the building is already covered. I guess all I have to worry about is fire and theft on the interior.
A... |
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 What is the difference between term life and whole life and what is better to buy? |
| I would like to buy insurance for myself but what is best. term Life or Whole life and what is the different.... |
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 Life Insurance? |
Trying to figure out what kind of Life Insurance to get.
I'm a soon-to-be mother, not married, but with the baby's father & a possibility of marriage within the next couple ... |
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peter16832007 | I have bought life insurance for more than 3 years, if I suicide now, do my beneficiaries get the face money? |
My life insurance is 20 years term life insurance |
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mbrcatz
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It depends. How long is the contestable clause? Do you have an absolute suicide exclusion? You're going to have to pull the policy form and read it - or call your agent and ask. |
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plooshiepoo
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Each life insurance policy is different, but most life insurance companies have a suicide clause which states that they will NOT pay if you commit suicide within two years of getting your policy. Check your policy's 'exclusions' Terms & Conditions section carefully, since the suicide provision can be different for each policy.
In the past these policies would almost always exclude suicide. However, after a number of court judgments against the industry, payouts do occur on death by suicide (presumably except for in the unlikely case that it can be shown that the suicide was just to benefit from the policy).
Generally, if an insured person commits suicide within the first two policy years, the insurer will return the premiums paid. Beneficiaries would not be able to collect the death benefit. However, a death benefit will usually be paid if the suicide occurs after the two year period.
If you are contemplating suicide, it is not worth it. Suicide is a permanent answer to a temporary problem but usually temporary problems can be easily resolved. Life has its ups and downs. There might be better things in store for you in the future. Don't waste your life and put it all down the drain. Think about your family, your friends and all those people who care for you. Go to a psychologist first and seek some therapy, or call the suicide hot line in your area.
Take care. |
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Mattias
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I'm pretty sure that your life insurance is void if you commit suicide and it gets proven to be one. That's the common policy. So don't kill yourself if you want your loved ones to get the money from it. |
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lfguard31
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Life Insurance companies don't pay on suicides. You shouldn't even be thinking like that though, talk to someone who can help you. Nothing is so bad that is worth taking your life over. |
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Troll
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Almost certainly not. Most policies exclude payments if the policy holder commits suicide. Otherwise it would be an 'easy' way for someone whose family was in financial trouble to make lots of money for them to have after he or she had killed themselves.
Check the 'exclusions' section of your policy's Terms & Conditions |
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Sassyinsanta_ana
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Hello, PLEASE don't do this, it rally hurts your family. As for the beneficiaries getting money it depends on your policy and how it's written. Usually after the first two years some policies pay on but a few do NOT. Some just return the amount of premium paid especially if it's a term life vs a whole life policy. Money does not replace you however bad it seems. If you have insurance you most likely have a spouse and kids. Hold and hug them and talk to someone right now and keep talking about what's up w/you. |
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ML
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90% of the term policies written have a 2 or 3 year suicide clause in it. If you call the agent and ask they are duty bound to provide the information you asked and they might cancel the policy. Just pull the policy and read it |
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vajeta1999
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i think suicide voids the polacy |
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squeezie_1999
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Got to read the particular policy. If however, it could be shown that you bought the policy with suicide in mind it might be invalidated. Best bet is probably to keep on living. Besides... that way you can have some fun along the way.... and don't worry.... you'll eventually die anyway. . |
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Club_obi_wan
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First, check your policy most have a suicide clause in them, usually it's no recovery for the initial few months then it's 50 to 75% of the policy then it's 100% if the policy is paid in full.
Second, find a good psychiatric hospital and check into - NO problem is so bad that you need to committ suicide, there are people who can help.
Third, get involved in a good religious program, I must recommend Roman Catholics since thats what I am but any Christian community would accept you with open arms. |
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Billy T
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Think of another way bacause life insurance will not cover if you take your own life.You could drive your car off a cliff.Dont take your life |
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nrving
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I can't believe people are actually giving you answers to your question. If you are considering suicide, get some help. Even if your insurance policy pays your beneficiaries the face amount of your policy, it hardly replaces you. You obviously went through the trouble of buying this policy three years ago because you care about your loved ones and what will happen after you are gone. Get some help, life isn't all that bad. |
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aplatero1984
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How would you know? you'll be dead! |
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