Amy purchased a life insurance policy with the intent of committing suicide to pay all the debts that were burdening her family. If she commits suicide 9 months after the policy is purchased, and the insurer is able to prove that her death was a suicide, how much will be paid by the insurance company?

Question

Quizplus · Accepted Answer

Most life insurance policies have a suicide clause that typically lasts for two years. If the insured commits suicide within this period, the insurer usually only refunds the premiums paid, not the policy's face value.

Amy Purchased a Life Insurance Policy with the Intent of Committing