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Insurance companies are not your friend. The only thing they care about is syphoning as much money from you as possible.
The stupid part is that they’re allowed to make exclusions to a “life” insurance policy – the idea is that they pay out when you’re no longer alive. If they take your premiums, they should have to pay out when you die – the only exception should be if you’re provably alive.
My understanding has always been that if they refuse, and it’s for something other than suicide or something obvious like fraud, that they had to return the premiums paid with interest (interest being sweet fuck all for the most part).
I don’t know if I’m just mistaken, if something has changed, or there’s more to the story.
They shouldn’t pay if you kill yourself. There’s an obvious reason why.
Suicide is a risk in life as with any other ailment. Most plans won’t pay out during the first couple of years, but do after that. So clearly the insurance companies themselves count it an acceptable risk for them. Maybe in that context you would care to elaborate?
Suicide is a symptom of mental illness in the absence of an obvious physical ailment like cancer, ALS, etc. We shouldn’t stigmatize mental illness further by drawing arbitrary lines when the result is the same.
We shouldn’t incentivize it with a payout.