The Suicide Clause States That the Life Insurer Will Not

question 36

True/False

The suicide clause states that the life insurer will not have to pay benefits in the event death is caused by suicide after a short (one or two year) waiting period.

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Definitions:

Tax Exemption

A monetary exclusion that reduces the taxable income of an individual or organization, often granted by government policy.

Pretax Income

The total income earned by an individual or corporation before any taxes are deducted.

Tax Rebate

A refund on taxes paid, typically when the tax liability is less than the taxes paid.

Stakeholders

Individuals, groups, or organizations that have a direct or indirect interest in the outcome of a project, decision, or policy due to their investment, involvement, or impact by it.