Life Insurance Exam [National] 43 – Suicide Clause Explained

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Exam. In this episode you will learn: • The suicide exclusion period is a standard two-year window from the policy’s issue date. • Suicide within the exclusion period results in a refund of premiums only. • The clause is primarily designed to protect insurers against the risk of adverse selection. • Reinstating a lapsed policy usually triggers a new two-year suicide exclusion period. • Accidental death riders never cover suicide regardless of how long the policy has been active. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep