Insurance WAEC

A clause that prevents the insurer from paying under a policy if the insured killed himself is?

A. exceptional clause
B. revival clause
C. accidental clause
D. suicide clause

Correct Answer: Option D

D. suicide clause

Explanation

The “suicide clause.” Usually, this clause states that no death benefit will be paid if the insured commits suicide within two years of taking out a policy. Whenever an insured person replaces an existing life insurance policy with a new one, the time clock for the suicide clause is set back to zero and starts over again.

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