Posted on 09/26/2016 8:40:18 AM PDT by kevcol
but of course they do.....
“I would give her a small portion for a one-way ticket...”
How generous of you.
I’d have her entire family’s assets seized. Then with a small portion of her own cash, fingerprint her, deport her, cancel her passport and visa, and put her azz on a plane.
“Most life insurance policies pay off when the insured is dead. Period.”
False. You are just wrong. Period.
Insurance companies are in business to make money; their objective is to take in more money than they pay out.
Life insurance policies always have exclusions for acts of war, felonies, homicide, reckless behavior, etc.
Otherwise the companies would go bankrupt from paying murderers.
She should be fined for bringing that spawn of Satan into the world.
“Life insurance policies always have exclusions for acts of war, felonies, homicide, reckless behavior, etc.”
As someone who has held an insurance license since 1987, I can assure you that most polices do not have those clauses.
“As someone who has held an insurance license since 1987, I can assure you that most polices do not have those clauses.”
How about an exclusion, for suicide?
That varies from state to state, some states have a one year exclusion, others two year exclusion, which is the maximum period that suicide can be excluded from the death benefit being paid.
The above is for ‘over the counter’ life insurance policies, the kind you buy from an agent or on-line.
I can’t speak for government issued, company issued, or for other specialty policies.
The exclusion for murder would come under the ‘insurable interest’ part of the application.
Before someone can take a life policy out on another person they must declare, and prove if challenged, how they would be financially impacted by the insureds death.
This policy may have been issued years ago. A parent is always granted ownership in a minor child’s life insurance policy.
It’s going to be interesting to see how this case comes out, the insurance company has already, or is about to, pay the death benefit.
It’s only a question of who gets it.
FYI, read the fine print, and it’s not small font either so it’s easy to read.
It will clearly state the time period of exclusion.
Want to stop terrorists attacks in the US?
Arrest and deport the terrorist’s entire family and seize all of their assets.
Really? What company do you work for?
You keep saying “policies”.
We are referring here to LIFE insurance.
And LIFE insurance policies most assuredly do exclude payoffs for intentional acts, precisely to prevent fraud.
You’re suggesting a husband can take out a policy on his wife, bludgeon her to death in her sleep or shove her off a cliff, and collect the cash, no questions asked by the insurance company.
Or in the OP’s case, a terrorist can shoot up an office and be shot dead by public safety officers, and the insurance company will cheerfully pay the jihadist’s family, without recourse to the industry’s LEGION of lawyers.
Bullshit.
Believe what you want.
I’ve been licensed to, and sold, life insurance in many states since 1987.
Notice the question raised in the article isn’t whether or not the company is going to pay out the death benefit?
And virtually every policy excludes suicide.
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Virtually all policies will pay for suicide if the policy has been in effect for 2 years prior to the suicide.
Do insurance policies pay out when you commit suicide?
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Yes, if the policy has been in effect for 2 years. Unless the policy explicitly states other wise.
Standard policy - two years.
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