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SkokieRob t1_iwwejdk wrote

I thought life insurance policies don’t pay out if you commit suicide?

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TheDancingDad t1_iwwfuls wrote

That's only if it's within the first 2 years of getting the policy, if it's done after 2 years the insurance companies are legally required to pay out.

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CygnusX-1-2112b t1_iwwytyg wrote

Yep, so only 19 months to go!

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cinemachick t1_iwx3pn9 wrote

I know you're probably joking, but on the offchance you're not, PM me if you ever want to talk. I've been down the road of suicidal ideation and found a way to hang on, I can share tips and what I found helpful

Edit: Thank you to the nice person who reached out to Reddit Cares for me, to clarify I'm okay and not currently suicidal

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doughnutholio t1_iwy557p wrote

> I can share tips and what I found helpful

tip one:

if you have a firearm at home, get rid of it asap

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chainmailbill t1_iwwz71c wrote

Is this how it works there, or how it works where you are?

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TheDancingDad t1_iwxq9b4 wrote

I had my life insurance license in the US, but a quick Google search showed me the Suicide exclusion clause in South Korea is also 24 months.

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GaijinFoot t1_iwys2mz wrote

It'll depend on the insurer surely. Mine is 12 months

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danteheehaw t1_iwwngax wrote

Depends on the local laws, but a good chunk of them pay out after x amount of time on the policy.

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aceofspades1217 t1_iwxqxqh wrote

Yup this is a common misconception, after 2 years a policy is incontestable and in most states coverage can’t be denied. Of course the vast majority of life insurance these days is term so would be for the first 2 years each time you renew.

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substantial-freud t1_iwxrtnl wrote

Different policies are different. Most won’t pay out for the first few years, for obvious reasons.

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1nfern t1_iwypn2r wrote

Group policies will often not have this condition as people won't be able to get a policy specifically because they're going to commit suicide.

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