Life Insurance Discussion Regarding Suicide Benefits

As I was was researching this article, I went on to google groups and looked for what people were saying about suicide and life insurance. The holiday season has a reputation for having high suicide rates.

It was rather disturbing to see people talking about suicide on public forums. It was horrifying and relevant at the same time.

In one post, the guy or girl is asking for advice on how to kill themself, and then how to make the death look ok for the life insurance company. Honestly, these people need serious help.

QUESTION: Can you commit suicide immediately after purchasing life insurance?

The answer to this suicide question is: Most policies require you to wait at least 2 years before you kill yourself. This is according to Erik Haynes of Conservest Inc. in Toronto, Canada. According to Erik "You can't buy a policy today, kill yourself tomorrow and have your beneficiaries reap the cash benefits of your death". My thoughts are, hopefully a 2 year waiting period would allow you to get some psychiatric help and get better mentally!!

The other point is this: how would the beneficiaries of this "suicide money" feel? Even though they receive $250,000 or $500,000 cash benefits, this money would be pretty sour for them to spend knowing you killed yourself so they could get it!

It's always best to read your life insurance policy and check with your lnsurance agent so that you'll know what you agreed to.

While it may seem anonymous to be talking about committing suicide on the internet, one would hope that if someone knows who it is talking about suicide, they would get someone involved and hopefully be able to prevent this from happening.

After writing this article, I checked the post that I was referring to. I noticed no activity after a while. Hopefully, they received help for their problem and not the other way around.

GET HELP. Suicide is not the answer if you need help financially.

Article Source: http://www.exclusive-article.com

Some people think of commiting suicide so that their loved ones can receive their life insurance benefits! Read this article to see why commiting suicide IS NOT the way to give your loved ones a life insurance gift! www.quality-ins.com

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