![]() He recounts a "very recent" case that came up at his office. "This standard clause sometimes leads to heart-breaking situations," said Goulet. In this case, the insurer would only refund the premiums paid. The industry standard is to refuse to pay benefits when the insured dies by suicide less than 24 months after signing the policy. If things don't move forward at industry level, we'll consider whether we're going it alone or not, but we'd like to do it better within the industry. ![]() "It's complicated for all the players to agree. "We're working with the industry," said Sun Life Canada president Jacques Goulet, in an interview during a speech to the Metropolitan Montreal Chamber of Commerce on Thursday. ![]() The head of Sun Life's Canadian operations wants his industry to relax the restrictions surrounding life insurance benefits in the event of suicide in order to take into account the exceptional context of certain tragedies.
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