suicide clause

suicide clause definition - business

suicide clause

A provision in a life insurance policy that denies payment of insurance benefits in the event of the policyholder's suicide within a specified period from the time the policy was purchased.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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