Once does not want to think about suicide, life insurance and holidays. But, unfortunately, during the holiday season, suicides tend to be higher. This was something that stood out when I started looking into this topic.
These google discussion group topics were a few years old, however they're still relevant and horrifying. It still shocks me that people openly talk about committing suicide in an open forum. (I hope that google is some how monitoring these discussions)
In one post, the guy or girl is asking for advice on how to kill themself, and then how to make the death look ok for the life insurance company. Honestly, these people need serious help.
QUESTION: Can you purchase life insurance and then immediately commit suicide?
To answer this question, we asked Erik Haynes of Conservest Inc. located in Toronto, Ontario. According to Erik "You can't buy a policy today, kill yourself tomorrow and have your beneficiaries reap the cash benefits of your death". Most policies have at least a 2 year waiting period. Hopefully, during that time, people looking at a solution such as this, would seek help professionally if they feel like they are in a hopeless situation.
The other point is this: how would the beneficiaries of this "suicide money" feel? Even though they receive $250,000 or $500,000 cash benefits, this money would be pretty sour for them to spend knowing you killed yourself so they could get it!
It's always best to read your life insurance policy and check with your lnsurance agent so that you'll know what you agreed to.
It is pretty disturbing that people would openly talk about suicide on the internet. While it may seem anonymous, I am hoping that someone would report something like this in the hope of getting help for them before it actually happens.
BTW... I checked the person who posted the above and they stopped posting a week after these initial posts. That's pretty scary!
MY STRONG RECOMMENDATION: Get some help! Don't kill yourself to obtain a life insurance benefit!
