Captain Japan wrote:...... this is apparently a countermeasure to curb the alarming trend of people committing suicide to pay their debts with the insurance payout.
Up until around 1999, a policyholder who committed suicide needed only to have belonged to an insurance scheme for a year for their family to be eligible for a payout.
Most companies extended this minimum eligibility period to two years, sometime around 2000. American Family Insurance, however, extended the period to three years.
Since 2004, Meiji Yasuda Life Insurance Co., Sumitomo Life Insurance Co., and Nippon Life Insurance Co. have extended the period to three years...
One year, two years and now three years! What's next? Working for the money???