I'm currently reading terms for life insurance with survival benefit and investment. It's like you pay ten thousand USD each year and five years later you get back forty thousand USD (the four payments you made) and maybe some investment income. Also you're protected against sudden death or disability - in such cases you (or your family) get paid the whole forty thousand USD (or sometimes several times more) right after the unhappy event.
One kind of unlucky events is called "death for any reason" (as opposed to "death because of accident" which is a separate kind of unlucky events). "Any reason" is not really any reason - it excludes a number of reasons such as serving in army, taking part in a riot, drinking heavily, diving alone (no matter how deep), a lot of them. It also excludes suicide but only for the first two years of the policy and only if it wasn't caused by illegal actions of other people.
I don't get it. It makes sense that the insurance company doesn't want to cover the insured person's family in case he himself causes his own death. What's the difference between the first two years and the later years?
Why is the insurance company only refuses coverage if the event happens during the first two years but not later?