Suicide Benefits? - Life Insurance Discussion

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.

I find it rather disturbing that someone would be asking for help in how to commit suicide and to make their death look natural so that the life insurance would pay out. This was one of many post that I have read while doing research.

QUESTION: Can you purchase life insurance and then immediately commit suicide?

To answer this question, we asked Erik Haynes of Conservest Inc. located in Toronto, Ontario. According to Erik "You can't buy a policy today, kill yourself tomorrow and have your beneficiaries reap the cash benefits of your death". Most policies have at least a 2 year waiting period. Hopefully, during that time, people looking at a solution such as this, would seek help professionally if they feel like they are in a hopeless situation.

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.

It is pretty disturbing that people would openly talk about suicide on the internet. While it may seem anonymous, I am hoping that someone would report something like this in the hope of getting help for them before it actually happens.

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.articleselections.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 present! www.quality-ins.com

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