Jane took out a term life insurance policy on her husband, Jack. During the term, Jack went insane and committed suicide. Since the policy was payable to Jane's estate, the insurer need not pay out the policy.

Question

Quizplus · Accepted Answer

If the policy was payable to Jane's estate, it would still be paid out even if Jack committed suicide during the term. However, it is important to note that policies may have specific clauses and exclusions related to suicide, so it is important to review the terms of the policy.

Jane Took Out a Term Life Insurance Policy on Her