Our life insurance lawyers in Arkansas handle delayed and denied life insurance claims, AD&D claims, beneficiary disputes and Arkansas interpleader lawsuits.
A suicide exclusion clause in a life insurance policy is a provision that restricts or limits the payment of the death benefit if the insured person dies by suicide within a specified period after the policy is issued or reinstated. The purpose of this clause is to protect the insurance company from having to pay a substantial benefit if the policyholder takes their own life shortly after obtaining the coverage.
The suicide exclusion period typically lasts for the first one or two years of the policy, but the specific terms can vary depending on the insurance company and the policy. Here are some key points about suicide exclusions:
Here’s an example of one life insurance claim being denied due to suicide:
Denial of Claim:
Contesting the Denial
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