If Bob committed suicide after the suicide clause expired, what will the insurer do with Bob's policy?

If Bob committed suicide after the suicide clause expired, the insurer would pay the death benefit. The suicide clause typically stipulates that if the insured dies by suicide within a specified period—often the first two years of the policy—the insurer can deny the death benefit. However, once that period has elapsed, the death benefit becomes payable regardless of the cause of death, including suicide.

Therefore, if Bob took his own life after the expiration of that clause, the policy is in force, and the insurer is obligated to honor the policy terms, which include paying out the death benefit to the beneficiaries. This is based on the principle that the insurance coverage should be provided as long as the conditions of the policy are met.