"Palindrome" wrote in message
news:BSiUj.531761$ic2.171521@fe09.news.easynews.com...
> The Todal wrote:
>> "Palindrome" wrote in message
>> news:U1iUj.107520$3k2.13696@fe10.news.easynews.com...
>>> Alasdair wrote:
>>>> "The 32-year-old, believed to be Mark Saunders, a barrister, died
>>>> after earlier exchanging shots with police in Markham Square,
>>>> Chelsea".
>>>>
>>>> It must be most unusual for a barrister to get involved in a shoot-out
>>>> with police. Does anyone know what this is all about?
>>>>
>>> AFAIK, far more solicitors lose the plot and use a shotgun for personal
>>> plaque treatment than barristers. From what I have read about this
>>> little episode, it does rather sound like death by cop.
>>>
>>> I assume that life insurance companies treat such adventures in much the
>>> same way as suicide and refuse to pay out?
>>
>> I would be surprised if there was any general rule or policy term that
>> entitled an insurance company to avoid paying out if the policyholder
>> commits suicide. Maybe it is occasionally inserted into a policy, but I
>> think customers should refuse to sign up to that.
>>
>> However by all means check your policies or search online and see if you
>> can find a clause that deals with suicide.
>>
>>
>>
> I don't have any policies on my own life - I did find this from a web
> search, though:
>
> "Term life insurance provides insurance for a set number of years for a
> specific premium every month and if the owner of the policy dies within
> that set number of years, the company pay the benefit. This is one of the
> few types of policies that may pay out in the event of a suicide."
>
> I also found another example, where a company refused to pay out, until
> told that it was linked to a mortgage?
>
> Plus several other references stating that companies wouldn't pay out, if
> the suicide was within x years of the policy being taken out.
>
> Could the insurance companies not argue that anyone that refused such a
> condition were clearly considering suicide and thus not an acceptable
> risk, anyway? ;)
In my opinion, which doesn't necessarily count for anything of course,
suicide is usually as a result of a psychiatric illness and is essentially
no different from a terminal illness. I daresay fifty years ago or more, it
would have been assumed that a suicidal person was probably sane and
calculating.
If I was buying life cover I'd check whether there was such a clause and
choose an insurance company who didn't impose such a condition. Mind you, I
say that and yet I have a life insurance policy and I've never bothered to
read it!
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