Life Insurance Discussion Regarding Suicide Benefits
Monty Loree
Unfortunately, during the holiday season, is when the most suicides happen. This I found out when researching for this topic. I wanted to know what people were saying about life insurance and suicide.
These google discussion group topics were a few years old, however they're still relevant and horrifying. It still shocks me that people openly talk about committing suicide in an open forum. (I hope that google is some how monitoring these discussions)
In one post, the guy or girl is asking for advice on how to kill themself, and then how to make the death look ok for the life insurance company. Honestly, these people need serious help.
QUESTION: How long can you wait after purchasing life insurance before you can committ suicide?
Erik Haynes of Conservest Inc.,Toronto, Ontario, answered this question for us. According to Erik "You can't buy a policy today, kill yourself tomorrow and have your beneficiaries reap the cash benefits of your death". There is a 2 year waiting period and it is hoped that someone who feels that suicide is the only answer to their problem would seek professional help.
Ask yourself this: Your beneficiaries receive $250,000 or $500,000 in cash benefits. Think about how they would feel every time they spent some of it know that you killed yourself.
It's always best to read your life insurance policy and check with your lnsurance agent so that you'll know what you agreed to.
I'm pretty floored that people talk about suicide so openly on the internet. While it may seem anonymous, the police should be monitoring those types of posts and giving people help.
After writing this article, I checked the post that I was referring to. I noticed no activity after a while. Hopefully, they received help for their problem and not the other way around.
Suicide is not the answer if you need life insurance benefits for financial problems.
Some people think of commiting suicide so that their spouse can receive their http://www.quality-ins.com/ life insurance benefits! View this article to see why commiting suicide IS NOT the way to give your spouse a life insurance gift! http://www.quality-ins.com This article is available as a http://www.uberarticles.com/?id=25768&b=79 unique content article with free reprint rights.
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