Delaware law allows one-year suicide exclusions in life insurance policies

A life insurance policy may exclude or limit coverage for death by suicide within one year after issue. This applies to policies issued on or after the Act’s effective date. The exclusion may apply whether the insured was sane or insane. The Act takes effect six months after enactment into law. This rule applies to policies issued on or after that date.

An insurer must return all premiums paid for coverage that would have provided a denied death benefit. This applies to a life insurance policy or certificate containing the one-year suicide exclusion or restriction. The refund is required if the insurer denies a death benefit because the insured died by suicide within one year after the policy was issued. The refund is required when the insured dies by suicide within one year after the policy is issued.