"Periander" <4rubbish@britwar.co.uk> wrote in message
news:Xns9A98F4165B3Eulmbritwarcouk@69.16.176.253...
> "The Todal" wrote in
> news:68dpo2F2ssmtbU1@mid.individual.net:
>
>> However by all means check your policies or search online and see if
>> you can find a clause that deals with suicide.
>
> FWIW I have two life policies on me, one through work and one of my own,
> both cover me in the event of suicide (although the free standing one said
> I had to pay in for a year before I killed myself). What is noticable
> though is that if I (say) cripple myself whilst making a suicide attempt
> then it's tough tittie on me as there is no payout in that case. It's all
> or nothing so to speak.
Likewise, I have found a Royal and Sun Alliance policy which has this
wording:
"If the life assured takes his own life, whatever the circumstances in which
the act was committed and whatever his state of mind at the time, and the
Policy has been in force for less than 12 months, the Sum Assured payable
will be reduced to the greater of (i) the total of the premiums already paid
and (ii) the value of any interest in the Policy acquired in good faith by a
person other than an Assured or the Life Assured, taking a mortgage or
charge of the Policy as security for a Loan."
Seems that after 12 months, suicide is not a problem.
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