The Todal wrote:
> "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.
>
>
And if you took the policy out to cover a mortgage advance and the
policy is legally assigned to the mortgagee it's not a problem within 12
months.
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