Most states permit suicide exclusions for up to how many years?

Most states permit suicide exclusions for up to how many years?

• A. 1 year
• B. 2 years
• C. 3 years
• D. 5 years

Answer: (B)

Suicide exclusions deter a full payout if suicide occurs soon after a policy is issued. Most states set this exclusion at two years from the policy issue date. Within that initial period, if death results from suicide, the insurer typically pays only the premiums paid (or voids the policy), not the full death benefit. After that two-year window, the policy generally pays the death benefit regardless of how the death occurred. That’s why two years is the best choice.

Suicide exclusions deter a full payout if suicide occurs soon after a policy is issued. Most states set this exclusion at two years from the policy issue date. Within that initial period, if death results from suicide, the insurer typically pays only the premiums paid (or voids the policy), not the full death benefit. After that two-year window, the policy generally pays the death benefit regardless of how the death occurred. That’s why two years is the best choice.