{"id":392,"date":"2023-11-27T13:52:41","date_gmt":"2023-11-27T13:52:41","guid":{"rendered":"https:\/\/policyarchitects.com\/CN\/does-life-insurance-cover-suicide-the-answer-is-complicated\/"},"modified":"2024-07-09T01:26:52","modified_gmt":"2024-07-09T01:26:52","slug":"does-life-insurance-cover-suicide","status":"publish","type":"post","link":"https:\/\/policyarchitects.com\/CN\/does-life-insurance-cover-suicide\/","title":{"rendered":"Does Life Insurance Cover Suicide? The Answer is Complicated"},"content":{"rendered":"

Does life insurance cover suicide? Yes, but there are some important things you need to know because this is a complicated topic.\u00a0<\/strong><\/p>\n

OK, I must admit this is one of those posts I hesitate to write.<\/em> My wife and I have people in our family who have mental challenges, and we know firsthand that life is not always easy.<\/p>\n

One of my wife’s best friends committed suicide many years ago. Sadly, loved ones left behind always wonder if there is something they could have done differently.\u00a0<\/strong><\/p>\n

If you feel down, know you are not alone; there is help. If you feel overwhelmed, please contact one of the many helplines to speak to someone.<\/p>\n

…and if you are a family member concerned about how suicide impacts your policy. I have some information for you.<\/p>\n

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Who Am I & Why Do I Care?<\/h3>\n

My name is James Heidebrect. I am the founder of Policy Architects,\u00a0a small boutique agency that serves the needs of Canadians from coast to coast.<\/p>\n

As a Dad, Husband, and Son, I know how tangled up life can get. Periods of depression are not uncommon in today’s world, and thankfully, there is more dialogue about this than ever.\u00a0<\/em><\/p>\n

Back in the 70s and 80s, this wasn’t the case. The stiff upper lip approach was more common than not, so people were forced to deal with their emotions in private.<\/p>\n

I imagine many of us are dealing with anxiety and the blues. If you are sad or anxious, please get in touch with one of the many resources available.<\/strong> The time to conquer these feelings is today. Please don’t wait until they become too much to deal with.\u00a0<\/em><\/p>\n

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“Quinlan-Jacob said these uneasy feelings can come as a shock to people who weren\u2019t dealing with mental-health issues before the pandemic. She said those who are noticing a disrupted routine, struggling to get out of bed or are experiencing intense emotions should reach out for help, both with personal connections and professionals.”<\/p>\n

\u201cEach level of support can offer something different. We need a community of people. We need our own village to help support us,\u201d she said.”<\/p>\n

‘Heartbreaking’: Suicide rates expected to rise as COVID-19 grinds on<\/a><\/p>\n<\/blockquote>\n

Does Life Insurance Cover Suicide?<\/h2>\n

Note: The Two-Year Contestability Period & Suicide Clause<\/h2>\n

Life insurance is a business, meaning the goal is to make money. <\/strong>This is why you undergo an underwriting process for traditional term and permanent life insurance coverage.\u00a0<\/a><\/p>\n

This includes a medical exam where a nurse takes your blood pressure, collects blood and urine samples, weighs and measures you, and asks a battery of health and lifestyle questions. This data is sent to an underwriter that gives you a rating:<\/strong><\/p>\n