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Life Settlement
Educational Information
Welcome Funds has compiled every term, phrase & definition related to life settlements. Have more questions? Call us toll-free at 1-877-227-4484 or complete our Quick Online Qualifier to determine your eligibility.

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DEFINITION OF SUICIDE PROVISION OR CLAUSE

All life insurance policies have a standard suicide provision that states there will be no insurance proceeds paid in the event that the insured commits suicide within the first two policy years. During this 2-year period, the insurance company's liability is limited to premiums paid. The suicide period usually coincides with the Contestability Period.

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