Does life insurance cover death by suicide?

Does life insurance cover death by suicide? In many cases, yes. However, most life insurance companies will not pay a death benefit if you die by suicide within the first two years of buying a personal policy. Unlike with personal life insurance policies, most of the time group life insurance does pay for death by suicide within the first two years of buying a policy. So your beneficiaries would receive the death benefit regardless of when your death occurred during your coverage period.

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D. Gilson is a writer and author of essays, poetry, and scholarship that explore the relationship between popular culture, literature, sexuality, and memoir. His latest book is Jesus Freak, with Will Stockton, part of Bloomsbury’s 33 1/3 Series. His other books include I Will Say This Exactly One Time and Crush. His first chapbook, Catch & Release, won the 2012 Robin Becker Prize from Seve...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years Leslie Kasperowicz

UPDATED: Dec 7, 2021

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The Highlights

  • Most insurance companies cover death by suicide
  • Many life insurance companies have a suicide clause and won’t pay a death benefit to your beneficiaries if you commit suicide within two years of buying a policy
  • Group insurance does not normally have a suicide clause and still pays the death benefit if you die by suicide at any point during your coverage period

With life insurance, you can have peace of mind knowing that your beneficiaries will be taken care of financially after you die.

However, many people worry that if they ever die by suicide, their beneficiaries may not receive a payout.

So does life insurance cover death by suicide? And does group life insurance have a suicide clause?

Keep reading to learn everything you need to know about how life insurance companies handle suicidal death.

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Does life insurance pay for suicidal death?

In most cases, insurance companies will pay a death benefit to any beneficiaries you have listed if you die by suicide during your coverage period.

However, most insurance companies have a suicide clause and will only pay the death benefit if your personal insurance policy has been in effect for at least two years.

Will life insurance pay for suicidal death within the first two years of coverage?

If you die by suicide within the first two years of buying a policy, your beneficiaries likely won’t receive a financial payout.

However, your insurance company may give them a refund on the life insurance payments you have made.

Every life insurance company handles suicide clauses differently and some policies don’t have suicide clauses, so you’ll have to check with your insurer to see how the company handles suicidal death.

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Does group life insurance pay for suicidal death?

Term life insurance is the most common type of group life insurance, and it often works differently when it comes to suicidal death.

Typically, if you die by suicide at any point during the term of your policy, including within the first two years of coverage, your beneficiaries will still receive a death benefit.

However, every policy differs, so it’s important to check with your insurance company to see if your group life insurance policy has a suicide clause.

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