Making sure that family and other dependents are financially protected is the overwhelming reason that people take out a life insurance policy. In the event of the policy-holder’s death, a monetary payment helps to ensure stability.
In such contracts, the death of the policy-holder is supposed to occur through either natural reasons or through an accident. Someone taking their own life would not normally be considered as falling into these categories. This, of course, is scant comfort to the beneficiaries of a policy. They are going to be left every bit as financially vulnerable in the event of a suicide as for any other reason.
Although insurance […]