Life Insurance Policies

[MexicanTravels]

For those of you thinking about CTB in the long term (1-2+ years), I recommend getting life insurance that has a temporary suicide clause. There are some insurance policies out there that will cover death by suicide after one or two years (depending on your state in the U.S.) of obtaining the insurance policy. This will work out great for your beneficiaries and cover the costs of your cremation/funeral.

Had somebody told me about this earlier, I would have definitely signed up for life insurance early on to leave my family with some money. I hope this info is useful for some of you as well. And kudos to those of you with life insurance already! Somebody will appreciate it for sure!

You can search on Google for more info if you need it.

 

[Cody111]

This is a good option. Providing you have no prior history of mental illness that could suggest suicidal tendencies.

They will ask for any relevant information on medical history and if you have say been to hospital before for suicidal things and you misinform them they will not pay out. If you do inform them they may exempt this as an option for payout.

 

[TiredHorse]

My understanding is that most life insurance policies will pay out for a suicide so long as you ctb at least two years after you open the policy OR if the policy is purchased outright.