Insurance companies treat suicide as a crime intended to defraud the underwriters; therefore a family cannot collect any insurance money following a suicide.

Question

Quizplus · Accepted Answer

Insurance companies do not treat suicide as a crime, but most policies have a clause that excludes coverage for death by suicide during the initial policy period (usually 1-2 years). After that period, coverage for suicide may be included in the policy. So, families may be able to collect insurance money following a suicide, depending on the specific policy terms.

Insurance Companies Treat Suicide as a Crime Intended to Defraud