Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (68) | Ignore Thread Prev | Next
Author: Wradical Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 196929  
Subject: Re: Deaf Twins Going Blind Euthanized Date: 1/17/2013 9:48 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
One issue I see is fraud. How would one deal with life insurance? Still cancel it out? Is that fair if someone paid for a period of years in good faith and circumstances changed? Is it fair to have a payout if someone pulls a policy then offs themselves?

Civil stuff, but still issues.

=====================================
Generally, life insurance is going to pay off in the case of suicide anyway, if you've had the policy long enough (which is usually two years, but read the fine print),after which the policy is "inconstestable". After that, suicide is just part of the statistics, and is built into the mortality tables. The period may be determined by state law, or just be up to the insurance company. I had one group policy through work, where the period was one year - long since passed.

The theory is that nobody who's thinking about suicide is going to take out additional life insurance and then wait around for two years.

And in the case of a terminally ill person, the insurance company would have had to pay off soon, anyway.

Bill
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (68) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement