![]() ![]() “And the reason for that,” he said, is “suicide is almost invariably an impulsive act.” But Columbia University psychiatry professor Paul Appelbaum - a former association president - considers it “very unlikely” that many people are motivated to end their lives for an insurance payout “in a premeditated way.” The American Psychiatric Association doesn’t have a position on the insurance policy restrictions. “My sense of this is that right now we are making our mistakes on the side of denying coverage to people who did nothing that is morally blameworthy.” Hall, who has written in opposition to the clauses. “It’s not like they’re burning their house down for the insurance money,” said University of Louisville law professor Timothy S. Opposition to the suicide loophole comes from diverse quarters. It said the exclusion generally “helps balance price affordability with prudent risk management and strengthens claims paying ability for all customers.”Ĭompanies also deny benefits for other reasons, such as dangerous or criminal behavior, or when a claimant lies about their health status. Lincoln National declined to comment on French’s case, citing privacy considerations. Lincoln National Life Insurance Co., which issued Pehlke’s policy, told The Baltimore Sun it “understands that the loss of life carries with it financial implications for the deceased’s family and does pay beneficiaries policy death benefits in cases of suicide following the 2-year exclusionary period.” Maryland, like most other states, allows the exclusions but limits them to two years. Standard in the insurance industry, suicide exclusions are intended to protect companies from people who may have financial incentive to kill themselves. “Shelby is raising a truly important issue for everyone to look at.” ![]() “I do believe there is something off about the underlying assumption that someone would purchase a life insurance policy in order to commit suicide and have the proceeds go to their family,” the congressman said. His son left a farewell note that said: “Please forgive me. To Raskin, the exclusion seems to reflect a view of suicide that has been overtaken by a contemporary understanding of depression as a serious disease. ![]()
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