What is the best life insurance that will pay in case of a suicide?

Question

I need to know what the best life insurance I can get that will pay out in case of a suicide. I know that there probably isn't many. But I need as much info as I can get. I need my family taken care of and as for now they won't be. Please help. Any info will be greatly appreatiated. The life insurance I have now will not pay for suicide for another year and a half. Thank you so much. Netty

Answer 1

The smartest insurance is term. Stay away from whole life because it is not a good investment. Most any insurance requires you to be insured for at lease 2 years before they will pay for suicide. However, you may be better served by therapy if you are contemplating suicide.

Answer 2

no insurance company will pay out on suiside,or even dangerous sports

Answer 3

None of them pay out in the contestable period, which is usually two to three years, depending on what state you are in.

So it looks like you'll have to go to plan B.  I'd suggest by talking out your difficulties with your pastor.

Answer 4

In addition to the top answers, if they find this statement when paying a death claim, it could be considered fraud.  Not only would they loose the money, they may even get sued worse case.

What ever your problem is, there is always a way out.  Suicide is not it.  It only creates more problems for those that are left behind.

Suicide is also a selfish answer to life's problems.

Answer 5

don't do it

Answer 6

Netty, I am more concerned with you rather than your family. Your family needs you, not any money that could be gotten by an insurance policy. I do not believe there are many companies out there who cover suicde inside first two years. In almost all cases, the period for waiting is two years. If I even knew of one I would not let you know because it is more important for you to remain here, with your family, then in the ground and your family having money because you passed.

I am begging you- Please seek help!!! I am a father to a month old son and a two year old daughter. If you are a parent, go seek help IMMEDIATELY!!! I will pray to God that He grants you strength and love enough to take care of yourself so that you may continue to live and take care of your family.

In love.            Mark S.

Answer 7

All life insurance contains suicide exclusions.  That is not the answer to your problems.

Answer 8

uh. dont do it. Your family needs you more than the lousy 10grand you would leave behind.