Let’s say your mental health issues has been known before you took out the policy, would that affect the payout regardless of time between taking it and the suicide?
Typically no. Life insurance companies don’t like anything regarding mental illnesses. Largely because it’s under researched, so they just say “no thanks.”
Let’s say your mental health issues has been known before you took out the policy, would that affect the payout regardless of time between taking it and the suicide?
Would they even underwrite the policy?
Typically no. Life insurance companies don’t like anything regarding mental illnesses. Largely because it’s under researched, so they just say “no thanks.”
Wouldn’t affect the payout, but it would increase your premium.
If they even underwrite it and don’t just decline coverage anyway.
My wife got declined for being underweight by 10lbs. No way they underwrite someone with documented suicidal ideations.