Is it true that if you commit suicide your family does not receive your life insurance?
Is this different in other countries?
It depends on which state your in. Each state regulates it's own insurance regulations. In California and most other states if the suicide occurs within the first two years of the policy then nothing is paid after two years it's paid in full.
In most instances it's true but some insurance policies state if you commit suicide within the 1st year then no benefits will be given or the clause will state only 50% upon the suicidal death.
YesIt is true/And I only know about laws here in America
Most insurance companies do have a clues in it that state suicides are not covered. That's because the cause of death was not accidental or from illness.
Yes, because they don't want someone taking out insurance and then killing themselves to give the money to their family.
Most company's will not pay on suicides, otherwise some men with no hope would see it as an easy way to provide for their families, sad but true. ( some women also )