I see this is old but I read it so it may help someone else
suicide is one of the most misunderstood words in life insurance
If you take out apolicy for 20,000 with a accident death rider that doubles if it is an accident ,this is what happens
You die heart attack,cancer old age whatever within first two years of policy there will be an investigation .If you have lied on the policy they will only pay the amount of premium you have paid on it,the beneficiary will not get 20,000.00 After two years of the date of the policy there is no investigation and the beneficiary will get 20,000.00
Now if you are killed ,ran over ,shot ,rock falls on your head within two years of the date of the policy there may be an investigation. If there is and they find it is an accident then the beneficiary gets 40,000.00
Last you have the same policy and at 1 year 11 months/23 months you commit suicide and lets say that premium was 25.00 a month .They are going to only give the beneficary 575.00 which is what you have paid on the policy .
Now ,you commit suicide at 2 years/ 24 months 2 days they are going to pay the beneficiary 20,000.00
99.99999999 % of insurance policies written state that " within 2 years from the date this policy is accepted by the premium payer suicide will only have the total amount of premium paid will be refunded to the beneficiary after two years of date of acceptance then face value will be paid which is the 20,000.00 "
I say I am quoteing the words I am close to what a policy states