Is the discrimination worth it as a deterrent? Or is it just to save the instance companies $$$?

  • andrewta@lemmy.world
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    1 year ago

    A life insurance policy doesn’t have to pay out if you take out the policy AND commit suicide in a short period of time. If it’s after that period of time the policy MUST pay out. That is law. Former life insurance salesman here.

    So since it is a relatively short period of time, it’s say it shouldn’t have any real change in suicide rates

    • Today@lemm.eeOP
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      1 year ago

      I didn’t realize there was a time limit on the non-payout. That’s good to know. Friend of a friend just took his life and I’ve been worried about the kids. Hopefully they will be taken care of.