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October 22, 2022

Peter insures his own life for R10 million and appoints his wife Maggie as the sole beneficiary in terms of the life policy

Peter insures his own life for R10 million and appoints his wife Maggie as the sole beneficiary in terms of the life policy. The policy contains a clause stating that the insurer will not be liable to pay for suicide committed within three years of the policy’s existence. Three years and four months after concluding the contract, Jack commits suicide. Maggie now wishes to claim from Peter’s insurer, but she is not sure if the insurer will be liable as she has been advised

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