Can we get the life insurance to pay up anyway?
Trcy asked...
When my dad died, his life insurance policies would not pay due to the fact that he committed suicide. Is there a way we can get the to pay something back to us for a policy that was paid for for more than twenty years?
Expert Answer
Whether a life insurance policy covers death by suicide depends on the terms of the policy. If the policy does not refer to suicide, you should be able to collect. However, if the policy provides that no payment will be made if the insured died by suicide, that probably ends things. Your only hope in that case is that your state's laws prohibit an insurance company from denying payment because the insured committed suicide. I do not know of any such state law.