WAEC - Insurance (2016 - No. 20)
A clause that prevents the insurer from paying under a policy if the insured killed himself is?
exceptional clause
revival clause
accidental clause
suicide clause
Explication
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.