NFL will provide benefits to Belcher's daughter

[Tombstone RJ]

I wonder if Belcher was smart enough to have an life insurance policy too. Eh, who am I kidding...

[DaFace]

Originally Posted by Tombstone RJ

I wonder if Belcher was smart enough to have an life insurance policy too. Eh, who am I kidding...

My guess is that's why it's in there. A lot of players probably aren't savvy enough to get life insurance when they're that young.

[DaneMcCloud]

Originally Posted by Tombstone RJ

I wonder if Belcher was smart enough to have an life insurance policy too. Eh, who am I kidding...

Life insurance generally doesn't provide for suicide

[Tombstone RJ]

Originally Posted by DaneMcCloud

Life insurance generally doesn't provide for suicide

I think it depends on the policy and the fine print in the policy.

[DaneMcCloud]

Originally Posted by Tombstone RJ

I think it depends on the policy and the fine print in the policy.

Are you an insurance agent, underwriter or policy holder?

[Tombstone RJ]

Originally Posted by DaneMcCloud

Are you an insurance agent, underwriter or policy holder?

nope

[listopencil]

Originally Posted by DaneMcCloud

Are you an insurance agent, underwriter or policy holder?

I've had life insurance through my employer since the early 90's here in California. As I recall the policies always stated that they wouldn't be paid off for suicide, but there is now a two year rule in effect. If you've held the policy for more than two years it pays off. Less than two years the premiums are refunded. Still no payoff on accidental death coverage.

Originally Posted by DaneMcCloud

Life insurance generally doesn't provide for suicide

State of Missouri law says life insurance pays if policy is more than 365 days old.

[DaneMcCloud]

Originally Posted by Phobia

State of Missouri law says life insurance pays if policy is more than 365 days old.

That is nice and I'd be curious how many other states have similar laws.

If that were law in California, I figure the population would be cut in half rather quickly.

Originally Posted by DaneMcCloud

That is nice and I'd be curious how many other states have similar laws.

If that were law in California, I figure the population would be cut in half rather quickly.

http://www.moga.mo.gov/statutes/c300-399/3760000620.htm As of 2007

[dedicatedfan]

Originally Posted by DaneMcCloud

That is nice and I'd be curious how many other states have similar laws.

If that were law in California, I figure the population would be cut in half rather quickly.

All states have suicide clauses in their life insurance policies. Most state that the policy has to be in-force for two years before it would pay, but some allow only one year.

[Saul Good]

Originally Posted by DaneMcCloud

Life insurance generally doesn't provide for suicide

That isn't accurate. All life insurance (or close enough as to render the exception negligible) covers suicide. Some plans have blackout periods that must be satisfied before suicide benefits may be paid. Generally speaking, these restrictions are on plans paid for by the individual. If they were paid for under an employer paid group plan, there would almost certainly be no such restriction.