- Discussion Regarding Suicide Benefits and Life Insurance

By: Monty Loree

Unfortunately, during the holiday season, is when the most suicides happen. This I found out when researching for this topic. I wanted to know what people were saying about life insurance and suicide.

These google discussion group topics were a few years old, however they're still relevant and horrifying. It still shocks me that people openly talk about committing suicide in an open forum. (I hope that google is some how monitoring these discussions)

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: How long can you wait after purchasing life insurance before you can committ 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!

You should always read your life insurance policy to know what you have 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.