kco@rabbit.UUCP (11/28/83)
Of course it matters that suicide is illegal. For one, it's a basis for a (universal) exclusion in life insurance. I'd guess that alone saves some lives.
tjt@kobold.UUCP (T.J.Teixeira) (11/29/83)
As I remember it, life insurance benefits are not automatically voided by suicide -- only in the first year or so of the policy. i.e. if you kill yourself after holding the policy three years, the benefit will be paid. Since I only seem to have "summaries" of the benefits of group policies, I don't know all the fine print so there may be reduced benefits for suicide, but even then I suspect full benefits would be paid if it were proved that you were insane at the time. -- Tom Teixeira, Massachusetts Computer Corporation. Westford MA ...!{ihnp4,harpo,decvax,ucbcad,tektronix}!masscomp!tjt (617) 692-6200
dxp@pyuxhh.UUCP (11/30/83)
It was just mentioned that suicide is a"universal" exclusion with regard to life insurance policies.Not so ! Most policies exclude suicide for a specified period of time.Mine is two years from the date of opening the policy. I expect that a similar time period is enforced if you increase your coverage.