This article is copy and pasted from Policygenius.com
David Boettcher: “I don’t think I told you this before or maybe I did, but there IS a Policy Genius not just one but many and not just many but thousands, you better figure out a way to stay alive. Ain’t none of em ever gonna to pay out, not if I contest them.”
This explains about Provisions and Ryder’s, Ryder’s are usually exclusionary which means they usually do not pay out for certain kinds of death like suicide or even cancer, the provisional policies do pay out irregardless of cause of death, that is generally what the word provision means it means you get paid no matter what happens, you usually pay a little bit extra for that extra piece of mind which is what Insurance is sold as, piece of mind for the one taking out the policy not for the person who becomes a target as a result of unscrupulous people whose minds have been consumed with greed so much so it caused them to suffer from mental illness.
David Boettcher alleged that greed can and is a form of mental illness, people get addicted to money, they get addicted to the ideology of money and they become so hungry for it they will do just about anything to obtain it, this is why people can be bribed, or what it means to be bought, you can not buy me though which infuriates those around me including David Boettcher, since he could not convince me, or buy me, he stole my children instead, and my life and their lives are on the line, he does not play I knew that my whole life, and soon others will find that out to because when he is this mad its time to run for the hills, that scooter will not stop him he is insane but not insane all at the same time.
As an insane person is incapable of predicting human behavior and response where as that is David Boettcher’s specialty.
Does life insurance cover suicide?
- Life insurance typically covers suicide
- A policy’s suicide clause outlines situations in which the death benefit won’t be paid
- Mental health history plays a role in life insurance rates
Life insurance provides a financial safety net that can last for decades. One concern that some insurance shoppers have is that an insurance company won’t pay the death benefit if the policyholder dies. This is typically unfounded, as life insurance policies almost always pay out; there are even protections in place if a carrier goes bankrupt.
But are there scenarios where life insurance won’t pay out? For example, does life insurance cover suicide? Depending on the terms of the policy’s suicide clause, suicide may not be covered, but this clause is usually only in effect during the first few years of the policy.
In this article:
What is a life insurance suicide clause?
The life insurance suicide clause is a provision that’s in place during the first two years of the policy. Normally, when the policyholder dies, the death benefit is paid to the beneficiaries as a tax-free, lump-sum amount (or, sometimes, a series of payments) and that’s the end of the transaction. However, if the death is a result of self-inflicted injury, the insurer can refuse to pay.
The reason for this is to prevent an applicant from getting a policy and taking their own life immediately afterwards in order for their loved ones to receive the death benefit.
This presents some complicated scenarios. Is a drug overdose covered by life insurance? It may be, if it is deemed to be accidental rather than deliberate. It’s the burden of the insurer to prove a death was a suicide.
Note that after the first two years, the policy will pay for suicidal death(unless there is another provision or exclusion specifically outlined in the policy that forbids it).
Life insurance and depression
During the underwriting process, a life insurance company will look at an applicant’s health and health history to learn how risky he or she will be to insure — how likely the applicant is to die during the course of being covered. This includes not only physical health but mental health as well.
Depression in particular is linked to suicide, and it’s important to disclose during the application. Answering basic questions, like when you were first diagnosed and the severity of your depression, along with being able to show evidence of treatment through medication and/or therapy, will keep you eligible for competitive rates
The relationship between mental health and life insurance can be complicated. You can learn how to get the best rates with a history of mental health conditions here. But you should always disclose your mental health history, or else the death benefit can be denied during the contestability period. Each application and health scenario will be looked at on a case-by-case basis.
Life insurance and physician-assisted suicide
Doctor-assisted suicide, commonly known as “death with dignity” or “right-to-die” situations, involves people diagnosed with a terminal illness who choose to end their lives rather than suffer through treatment and/or a diminished quality of life.
These cases would fall under the same clauses as other suicide — covered, but not during the first two years of the policy — but only five states currently have laws protecting the right to assisted suicide: Oregon, Washington, Vermont, California, and Colorado.
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When can life insurance companies not pay out?
Besides in cases of suicide, life insurance companies may not pay out during the contestability period.
The contestability period is the two-year period when a policy first goes into effect; during this time, a life insurance company can contest the death benefit payout. Carriers can investigate a death and decide if the beneficiary has a legitimate claim, in order to prevent fraud. The contestability period discourages people from lying on their application and helps keep life insurance companies in business and providing coverage.
During the underwriting process, a life insurance applicant will be asked a series of health-related questions that will help the company set the premiums. Unhealthy people, or people with a history of health issues, are typically charged higher rates than healthier people. And even though carriers will gather more health information during the medical exam, applicants can lie about some aspects of their health history.
For example, an applicant lies and says they don’t have a history of smoking in order to avoid a costly Smoker classification, but dies a year into their policy from lung cancer or some other lung-related affliction, the insurance company can investigate, determine the death was smoking-related, and decline to pay the death benefit because of application fraud.
There are a few important things to note. First, a company can’t choose to simply not pay out during the contestability period; they must have cause and evidence of fraud. They find this through autopsies and other investigative measures.
Second, the contestability period only lasts for the first two years the policy is in force, but it can be reset if the policy lapses and the policyholder has to have it reinstated.
Finally, the suicide clause and the contestability period are not the same thing. Though the periods of time almost always overlap, and even the circumstances may overlap (for example, if suicide is a result of an undisclosed pre-existing medical condition), the suicide clause specifically deals with self-harm while the contestability period is concerned with fraud.
The incontestability clause
The inverse of the contestability period is the incontestability clause.This essentially says that, after the contest-ability period has ended, a company cannot avoid paying out life insurance benefits by contesting misstatements made on an application.
There are some exceptions to the incontestability clause — some errors (like age or gender) could result in coverage being recalculated rather than cancelled — but overall the clause is there to protect consumers from having their policy cancelled years into it because of an application mistake.
Policygenius’ editorial content is not written by an insurance agent. It’s intended for informational purposes and should not be considered legal or financial advice. Consult a professional to learn what financial products are right for you.
Kris Miller once told me to figure it out genius, she knew about my IQ because David Boettcher had told her, she also went to Stagg and sells insurance and my purse went missing at her house which contained my ID, Birth Certificate and Social Security Card. Her husband whose name I can not remember also works in Insurance and came from a criminal family. Miller may be in danger and may also be one of the culprits behind Stagg Highschool students moving to Lake Station to collect. David Boettcher said it was a sting. I found hundreds of pages with Kristina Miller’s name on them that need to be uploaded.
David Boettcher is Bear.
David Boettcher told me many times that all I may have left in life was one friend, most of the others go by the wayside but most of the time you get to keep one. I don’t think I have any but if I do it may be Miller, Investigators will have to find that out for me but she did live on Fox Court and David Boettcher also always said I had to be SLY like a fox and did some weird hand motion like he was putting gloves on to try and help me to remember. I found a lot of Stagg students in Lake Station and all of them had policies it keeps getting worse and worse with each name I type in. I did not know what he meant by Sly like a fox other than not telling Edward Malik about knowing the law or being a walking talking legal dictonary, or anyone else for that matter. I do try to warn them but they don’t seem to get it.