- 477
When I was a NYL agent in 2006-2007, the company policy was suicide claims were return of premium within the first 2 years...but paid like any other claim after the policy had been in force for 2 years.
Been out of the industry for a while now, so is that something that is done on a company basis or is that a universal standard? I had always been under the impression that suicide was always only a return of premium in most cases. Is there a rule that governs all policies?
Been out of the industry for a while now, so is that something that is done on a company basis or is that a universal standard? I had always been under the impression that suicide was always only a return of premium in most cases. Is there a rule that governs all policies?