Does Life Insurance cover a Suicide?
Answer:
Many life insurance companies contain a suicide clause specifically excluding suicide as a covered cause of death.
However, many of these suicide clauses have time limits. For example, some policies exclude suicide for the first two years of the policy but once the time limit has been passed, they will pay a death benefit if the insured commits suicide.

In addition, many states believe that suicides committed while a person is “insane” are an accident. As such, they have ruled that life insurance policies that cover sickness, accidents, and illness cannot deny coverage for suicidal acts while insane. In addition, many states also say the suicide cannot be excluded if they are the result of a medical or mental condition such as depression.

Because each state sets its own insurance rules and regulations, double check with your state’s department of insurance to see where they stand as far as suicide coverage. In addition, check the life insurance policy in question to see whether or not there is a suicide clause, and if so, if there’s a time limit in place.
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