Bill > HB1288

This bill modifies existing Missouri law regarding life insurance policies and suicide exclusions by extending the suicide exclusion period from one year to two years. Specifically, the bill allows life insurance policies to exclude or restrict liability for deaths resulting from suicide if the insured person dies by suicide within two years of the policy's issue date, whether the person was sane or insane at the time. If an insured person applies for additional death benefits after initial coverage begins, the policy can also exclude suicide for two years specifically for those new or increased benefits. The bill requires that any such suicide exclusion be clearly stated in the policy. Additionally, if an insured person dies by suicide within the two-year period, the insurance company must promptly refund all premiums paid for the coverage related to that insured person. This change provides insurance companies with a longer period to assess risk while also ensuring that beneficiaries receive a full premium refund if suicide occurs during the exclusion period.

https://house.mo.gov/Bill.aspx?bill=HB1288&year=2025&code=R