It’s only there to save money. Otherwise they would see themselves as being defrauded if people bought life insurance policies for 2 months and then jumped off a bridge to get money for their family- their rate-of-return calculations don’t like that.
Remember. Insurance companies are not in the business of protecting clients, they are in the business of extracting monthly payments. Everything they do, every bit of inane crazy backwards bureaucracy they build, is EXCLUSIVELY to maximize incoming payments while minimizing payouts. This applies to car, home, life, health, and every other form of insurance out there. And life insurance is one of the most loosely regulated types (aka, the worst). Yes its technically discrimination, but they couldn’t give a rats ass about anyone killing themselves, since it isn’t a legally protected class they only care about not paying for it.