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Is death due to suicide considered an insured event?

The Centers for Disease Control reports that the suicide rate in the US has increased by 35% since 1999, Business Insider writes.
Is death due to suicide considered an insured event?

Some people believe that life insurance companies do not pay beneficiaries in case the insured person commits suicide. However, there is a clause in most life insurance policies that does not involve payout if the policyholder commits suicide within the first two years of the policy term. If death occurs after this period, the beneficiary receives benefits.

Exception is the case when the beneficiary drives the insured person to suicide. “Besides, if the insured suppresses that he has any mental illness, the payment will also be refused,” says Mark Williams, CEO of Brokers International.

Source: https://www.businessinsider.com/personal-finance/does-life-insurance-cover-suicide

Photos are from open sources.

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