Suicide provision

{
  "id": "MLC-T-INS-003236",
  "term": "Suicide provision",
  "field": "Insurance and risk management",
  "definition": "A clause within a life insurance policy that excludes or limits the death benefit if the insured's death results from suicide within a specified time after the policy's issue date. This contestability period is most often two years, though some states mandate a one-year period. If death by suicide occurs during this period, the insurer will not pay the face amount but will return the premiums paid to the beneficiary.",
  "url": "https://mlchart.com/terminology/insurance/suicide-provision/"
}