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

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Most life insurance policies have a clause that if the insured commits suicide within a certain period from the start of the policy (usually two years), the insurer will not pay out the death benefit but will refund the premiums paid.

Amy Purchased a Life Insurance Policy with the Intent of Committing