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There are many causes of death that may not be payable under most term or permanent life insurance policies, for example suicide is a big one that is usually not covered no matter how long the insured has been making monthly premiums. On the other hand, many mortgage life insurance policies cover almost all causes of death. There are even some mortgage life insurance policies which will cover suicide if the policy has been in effect for at least two years. Actual restrictions and stipulations will vary by company, but most mortgage life insurance providers will cover many causes of death that other life insurance policies will not.