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Senate committee hears bill to shorten life insurance suicide exclusion from two years to one
Summary
Senate Bill 5,495 would reduce the statutory suicide exclusion in individual life policies from two years to one year; sponsor and advocates framed change as reducing stigma and easing access for families, while industry groups warned of public-safety and actuarial consequences.
Senate Bill 5,495, which would reduce the statutory suicide exclusion for individual life insurance policies from two years to one year for policies issued or renewed on or after Jan. 1, 2026, received public hearing testimony before the Senate Business, Financial Services, Gaming & Trade Committee.
Senator Manka Dhingra Saldana (Sen. Saldana), sponsor of SB 5,495, told the committee she proposed the change after work on an agriculture mental-health task force that documented suicide risks in farming communities. She said the bill aims to reduce a perception…
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