Lydia committed suicide five years after purchasing a $500,000 life insurance policy on her own life. Her son, who is the beneficiary, has come to his agent for advice on whether the death claim will be denied. What can the agent correctly tell the son?
a. The suicide clause in Lydia’s policy has expired, so the death claim will be paid in full.
b. The insurance company can refuse to pay the death benefit if it has definite proof that she committed suicide.
c. The insurance company will only refund the premiums paid.
d. The insurance company will only pay part of the death benefit because Lydia’s death resulted from suicide.