I am saddened by this news. Condolences to the family and friends of Wade. He was not the toughest , most talented player that played for the Leafs, but he was a true warrior, that gave it his all. You cannot help but to respect a man like that. You will be missed greatly. R.I.P brother.
Apparently it does but it's not like this guy didn't earn several millions of dollars as an NHL player. Plus all indications are that he'd be able to make a comfortable living with his affable personality and charm.
Umm buddy I don't believe that insurance can be claimed when the person on the policy commits suicide
I used to work as a life & health insurance underwriter, so let me shed some light on this.
A suicide exclusion clause is typical on insurance policies. That means that the policy doesn't pay if the cause of death is suicide. This is to protect the insurance company from people who premeditate suicide and then buy a policy just before they actually do it. Otherwise many suicidal people would purchase a policy and commit suicide after the first premium payment so that their family could benefit from their death.
The suicide exclusion clause no longer applies after a stipulated period (typically a couple of years), however. The idea is that if someone buys life insurance and decides 5 or 10 years later to commit suicide, then the insurance wasn't bought with suicide in mind. There was no intended abuse of insurance when the insurance contract was entered into.
I suspect that Wade had life insurance for a long time before his death (group life through the NHLPA and perhaps some private insurance also).
As many others have said, RIP Wade. We don't understand what led you to this. I wish someone could have helped you.