What Are The Key Provisions In A Life Insurance Policy? 
Jerry has provided you with a good summary of the provisions in your standard life insurance contract . I will share with you some additional info about one clause in particular : the suicide provision . I have actually handled claims due to suicide . You can imagine how extraordinary an experience that can be . Being there for people in their time of deep grief is hard enough . Getting involved with finances at the time requires great delicacy . And to do so when the cause of claim is suicide gives things an almost unreal quality . Most people have a really tough time dealing with death . When people take their own life , it makes things almost too hard to handle . Against this crazy backdrop , you have the added question as to whether or not the insurance company will pay the benefit . I am pleased to report that in the few cases I have had , the answer has been an unequivocal yes . One claim was actually pretty close to the two-year limit . As such , there was concern as to how tough a line the insurance company would draw . They are , after all , worried about insurance fraud and people trying to collect benefits illicitly . But this case was indeed tragic . It involved an elder gentleman who just was really sick and had had enough of life . So he settled things in his own way . The claim was paid without delay . 