How does Coventry Direct stay in business?

[HoosierDaddy]

Life insurance doesn't pay off for suicide.

So, wouldn't anyone with a life insurance policy planning suicide sell it to Coventry the day before?

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[Inthehighdesert]

That’s carrier specific. My policys would pay off for suicide. My most recent policy its just not fully vested for that until 24 months.

 

[S550 HPP]

What is all this talk about suicide? Did someone buy a Camaro? A Challenger? A 4 Series coupe with the giant beaver grill?

 

[Vlad Soare]

Life insurance doesn't pay off for suicide.

So, wouldn't anyone with a life insurance policy planning suicide sell it to Coventry the day before?

Some might, but I think the honest customers, who sell their policies in good faith, are very likely to outnumber them by a fairly high margin. Besides, I imagine that most people who commit suicide wouldn't even think of this. Suicide generally means, "fuck you all, you can all go to hell, I don't care about anything or anyone anymore". Sure, there will always be exceptions, but probably not many enough to put a noticeable dent in Coventry's profits. Win some, lose some...

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