Among the more well-known causes of death not covered by life insurance are death resulting from war or suicide.
The suicide clause indicates that the life insurance company is not obligated to pay the death benefit to the beneficiary of the life insurance policy, if the policy holder (insured person) commits suicide within two years of the date of purchase of the life insurance policy.
Only the value of payment premiums shall be returned to the beneficiary.
This clause is made in order to discourage people from turning to suicide as a means of settling their debts, or relieving themselves from financial burdens.
However, if you have been insured for more than two years, the suicide exclusion has expired, and the life insurance company would pay out a death benefit on a life insurance policy for death resulting from suicide.
In addition, some states, such as, Colorado have a 1 year suicide exclusion period.