Thanks LDF, that was my understanding of the situstion. aj
So if a person is not suicidal when they start the policy but becomes suicidal and ultimately ends their life by suicide more than 12-24 months later, that's a valid claim.
As said earlier it is very rare for a coroners inquest to make a finding of suicide.
I apologise for taking this off topic but do you know why that is? And what do they make a finding of instead?
Best post on this tread.On a related topic, like most Irish people I was very saddened to hear of the death of Fiachra Daly, formerly of Priory Hall. A lot of the media coverage inferred that his suicide was caused by the financial stresses of his family's situation - being pursued to pay a mortgage on an uninhabitable home. Without knowing what was going on inside his head, nobody can say what drove this man to his death, but it's reasonable to assume that whole Priory Hall-related financial situation had to be a cause of great worry for him.
There might be someone reading this who might contemplate suicide as a possible solution to a financial problem. You might think that a claim on a life insurance policy would leave your family in a far better financial position and take away some of the financial pressures and stresses that exist at the moment. If so, please please please talk to someone - a friend, family member, someone you can trust in the community, Samaritans, http://stopsuicide.ie/, [broken link removed] or any of the many groups that exist to help people who are having difficulties.
There is always a better solution. You may just be so overwhelmed by your own issues that you find it hard to see the alternatives that others could see.
I am not inferring or implying that Fiachra Daly ended his own life solely to claim on his life insurance. I know nothing of what issues this man faced, other than the ones that are in the public domain.
Hi everyone first time ever putting up a post but have been following this site for a while,my husband suffers from depression has done for yrs,when we bought our home insurance companies would not insure him because of the depression,they told us to come back in five yrs and apply again,again he was refused .my husband has never tried to take his own life but to insurance company he was high risk was told they mite give higher premium but wasent even given that option.I had to take out an over 50 policy with no medical and at a high price and that would basically only cover his funeral expences id still be left with the morgage.has anybody else been in this position?
As said earlier it is very rare for a coroners inquest to make a finding of suicide.
From the terms and conditions of one life company. There is a 1 year exclusion with the exception of assigned policies.
No Lump Sum onDeathBenefit, Income on
DeathBenefit, Whole of Life Continuation
Benefit, Terminal IllnessBenefit or Children’s
Lump Sum onDeathBenefit is payable if the
Life Insured or a child of the Life Insured dies
by his or her own hand or act or is diagnosed
as being terminally ill as a result of his or her
own deliberate act within 1 year of the Policy
StartDate or within 1 year of the date of any
reinstatement of the policy or within 1 year of
a voluntary increase in Lump Sum onDeath
Benefit, Income onDeathBenefit and/or Whole
of Life ContinuationBenefit, or within 1 year
of being added on to the policy, whichever is
applicable, except that if the policy has been
Assigned to a third party in good faith,the
benefit payable is limited to the interest ofthat
third party which was acquired for monetary
consideration
Interesting to see that the 1-year limitation is excluded where the policy is assigned, which would be the case for all mortgage protection policies. It is also interesting to see the exclusion for 'terminal illness as a result of own deliberate act' - what happens in cases of smokers and lung cancer?
On a related topic, like most Irish people I was very saddened to hear of the death of Fiachra Daly, formerly of Priory Hall. A lot of the media coverage inferred that his suicide was caused by the financial stresses of his family's situation - being pursued to pay a mortgage on an uninhabitable home. Without knowing what was going on inside his head, nobody can say what drove this man to his death, but it's reasonable to assume that whole Priory Hall-related financial situation had to be a cause of great worry for him.
There might be someone reading this who might contemplate suicide as a possible solution to a financial problem. You might think that a claim on a life insurance policy would leave your family in a far better financial position and take away some of the financial pressures and stresses that exist at the moment. If so, please please please talk to someone - a friend, family member, someone you can trust in the community, Samaritans, http://stopsuicide.ie/, [broken link removed] or any of the many groups that exist to help people who are having difficulties.
There is always a better solution. You may just be so overwhelmed by your own issues that you find it hard to see the alternatives that others could see.
I am not inferring or implying that Fiachra Daly ended his own life solely to claim on his life insurance. I know nothing of what issues this man faced, other than the ones that are in the public domain.
Thanks for your reply my husband doesent drink never has done but the depression has been going on yrs but its not something that happens every day could go for mths on end without a bout but than could out of the blue id he got a little stressed,he did spend a lot of time in and out of hospital yrs ago when he was a lot younger but hasent been hospitalised in years,even when he went back to apply after the 5 yrs in that time he hadend been in hosp,he doesent take any tabs for the depression as when the bouts appear it could only last a few hrs or max 2 days,he brings himself out of it and if he cant its usually because he is so tired from not sleeping than will go to the doc and than he will be prescribed a mild antidepressant just to relax him so he can get some sleep..i must look up that company in the uk see if i could get him life insurance even enough to cover the morgage if anything happened,i was prepared to pay a higher premium here had we be given an option,Thanks for your help