Rosie takes out a general life insurance policy naming Margarita as beneficiary,but Rosie sadly commits suicide three years later.Although the policy is silent,the insurance company claims Margarita,the beneficiary,may not collect the insurance because Rosie committed suicide.

Question

Quizplus · Accepted Answer

Most life insurance policies have a suicide clause that typically lasts for the first two years of the policy. If Rosie committed suicide three years after taking out the policy, Margarita, as the beneficiary, would generally be able to collect the insurance, assuming all other policy conditions were met.

Rosie Takes Out a General Life Insurance Policy Naming Margarita