What is the suicide exclusion period for which the death benefit is affected?

• A. Two years
• B. One year
• C. Three years
• D. Four years

Answer: (A)

The suicide exclusion period is the initial window after a policy is issued during which death by suicide does not trigger the full death benefit. In most Minnesota life insurance contexts, this period is two years. If death results from suicide within those two years, the insurer typically won’t pay the death benefit in full and will usually refund the premiums paid (sometimes minus any outstanding loans). After this two-year period, suicide is treated like any other cause of death and the death benefit is payable under the policy terms. This provision helps protect the insurer from policies obtained with the intention of dying soon after and ensures legitimate insurability concerns are addressed.