What Is The Suicide Clause And How Does It Affect My Life Insurance?

It affects your life insurance very minimally after an initial waiting period, and after that, suicide is treated as any other form of death.

The suicide clause is this: during a certain initial amount of time of holding the policy, suicide does not count as death and is not covered by the policy; however, after this initial waiting period, suicide is now covered and is treated the same as any other cause of death.

The waiting period is usually somewhere between one year and two years of waiting before suicide is covered as a cause of death.