When Will Life Insurance Not Pay? 
Life insurance will not pay a claim for death by suicide if the suicide was committed within 2 years of the anniversary date of the policy . After that it will . Life insurance will not pay a claim if it can be proven that the policy was obtained based on deliberately fraudulent information such as the insured / applicant knew at the time of applying for the policy that they had a terminal disease and somehow was able to keep pertinent medical records from the underwriter , or other misrepresentations intended to defraud the insurance company . 