InsuranceDeferred annuity Joint and several liability Vandalism Risk mapping (risk profiling) Elimination period Post-loss activities
Suicide clause
Life insurance contracts often include a provision known as the suicide clause, which states that the insurer must still pay out the policy's benefits in the event of the insured's suicide, as long as it occurs after a two-year period from the policy's issuance. This provision is in place to protect both the insurer and the insured, as suicide is a difficult subject to navigate for both parties. It's important to understand the details of this clause when considering a life insurance policy.
Related terms
Understand the meaning and definition of Deferred annuity in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Joint and several liability in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Vandalism in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Risk mapping (risk profiling) in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Elimination period in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Post-loss activities in the context of stock market, trading, and investments.
MORE
Explore other categories
10 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments
Get the link to download the App
