View Full Version : Life insurance
[I feel like I've already posted this information, but maybe not. Apologies if I'm repeating myself.]
A couple of months ago I did some focus groups with women who had breast cancer. It was a group on the financial impact of a breast cancer diagnosis. They were all basically pretty young and healthy before being diagnosed. So they hadn't thought of life insurance before but their diagnosis rendered them uninsurable.
So, I decided to get life insurance, and got a good rate (even for my age) for a 10-year term policy.
Because my children are secondary beneficiaries, I told my eldest son about the policy today. He then told me that he had also bought a hybrid whole/term policy in the amount of $3M. It costs him $600 a month. I had a lot of questions about this. Why does his wife, who earns $130k a year, need 3 million dollars? He said that each of his two kids would get $250k. OK. So that's a half a mil.
Also, couldn't at least part of that $600 go toward better investments? $600/month is a lot of money. Apparently when he's 60 he gets a payout of $100,000, but I don't think that is that great.
I typically keep my mouth shut when it comes to my kids' decisions, but I just don't think this is a great decision and I suggested as much.
What do you guys think? Where does life insurance fit into a sound simple living financial plan?
I have never bothered with it.
I have never bothered with it.
I wouldn't have either, if I had no debt. I got just enough to cover all outstanding debt.
Do you feel life insurance is "the poor man's savings account"? If your net worth is such that your family might have a lower quality of life if you passed before retirement age, would you consider life insurance a good idea? Would you ever spend $600 a month for a $3M payout? To me, putting yourself in a position where you are "worth more dead than alive" is gambling against your life, and it's NOT a good reason for life insurance.
I started out with a practical question but maybe it's more philosophical.
I think you need it if you have dependents, and you should have enough to pay for disposition of your remains even if you don't.
I get 2x my salary at work and pay a small amount of taxes on it.
frugal-one
5-28-22, 3:50pm
From everything I have read a term life policy would be better???
iris lilies
5-28-22, 4:41pm
Yes, life insurance is the poor man’s saving account.
I used to think it was fairly useless for grown adults who should be able to earn their own way in life unless they have children of course, and then the average family should have it until the kids are raised, but –
Then I learned that life insurance is a way to leave money to your heirs that nanny government doesn’t snatch away in Medicaid/nursing home reimbursement fees. So that there is a methodology for end of life asset management.
But the insurance tool that your son bought is not a good one and seems like a poor way to invest. I wonder how much straight term insurance would have cost him.
ToomuchStuff
5-28-22, 5:05pm
I have a small policy on me (25K), that is paid up, because when we were younger (don't remember age, but under 18), parents had larger policies on us. When I was older and moved out, it was dropped to a prepaid less amount above, to cover funeral expenses and lawyer for estate purposes, for their benefit if something happens to me.
We had a celebration of life a few weeks back for the woman who was in Iowa, and the tornado hit and killed her mother, spouse and two kids (leaving her and one). Some work insurance of her late husbands came and presented her a 7 figure check, as one kid was special needs and they had a mortgage etc. That amount made sense if he was the only one to die, not so much in the scenario she ended up in.
After/if the other guy gets off his rump and does what he says he is going to, I will have a mortgage on this house. Until that is done and I sell the other house, and put that amount on this one, I don't know what size mortgage I will have. I might just swap my policy into a term one, for term (mortgage) and a couple thousand (cremation), so my family wouldn't have to rush to sell the house.
catherine, does your son have a term life insurance benefit from his employer? Since I don't have dependents and SO earns as much as I do I've never needed to worry about supporting people if I die unexpectedly so I've always assumed that the benefit SO would get from that is sufficient. Especially now since current employer pays for 4x my annual salary. That would be enough to pay off our mortgage. We have no other debt.
$3M seems excessive, and $600/month seems expensive. I'm just wondering if he can get a more reasonable plan by buying the higher benefit on his employer's term life plan if he has one from them.
All that said, I'd tread cautiously when bringing up this topic because yes, he's an adult and you should be letting him make his own decisions. If you do decide to bring this up I'd be prepared with examples of financial decisions you made that you regret so that you don't come across as the older person who is trying to adultsplain to the less experienced young person.
catherine, does your son have a term life insurance benefit from his employer? Since I don't have dependents and SO earns as much as I do I've never needed to worry about supporting people if I die unexpectedly so I've always assumed that the benefit SO would get from that is sufficient. Especially now since current employer pays for 4x my annual salary. That would be enough to pay off our mortgage. We have no other debt.
$3M seems excessive, and $600/month seems expensive. I'm just wondering if he can get a more reasonable plan by buying the higher benefit on his employer's term life plan if he has one from them.
All that said, I'd tread cautiously when bringing up this topic because yes, he's an adult and you should be letting him make his own decisions. If you do decide to bring this up I'd be prepared with examples of financial decisions you made that you regret so that you don't come across as the older person who is trying to adultsplain to the less experienced young person.
I didn't ask him about the details, for the reason you mentioned....I did suggest that both the 3M and the monthly fee seemed excessive, but told him I wasn't there to second-guess his decisions. He is definitely old enough to make up his own mind.
I have never had life insurance, having read that if you did not have dependents, you did not need it. My kids are grown so there is no need there. I would not take out insurance to pay bills after I am gone--or to pay off a mortgage.
If I were the breadwinner and I had children under 21, then I would have it. I know there is one type that is considered good and one that is considered not good, but I don't really understand the differences.
iris lilies
5-29-22, 8:47am
Catherine, I think it is a decent idea for you to have life insurance with the idea that your death not only removes the significant income for your household, it would leave your spouse unable to pay the debt of your household. This protects him.
As fir the 3 million of your son’s policy, I would have to put pencil to paper to determine if that is excessive. But since he has small children and he probably wants to provide a college education for them, and also he lives in an expensive part of the country, just off the top of my head 1 million or two doesn’t seem too much.
Catherine, I think it is a decent idea for you to have life insurance with the idea that your death not only removes the significant income for your household, it would leave your spouse unable to pay the debt of your household. This protects him.
As fir the 3 million of your son’s policy, I would have to put pencil to paper to determine if that is excessive. But since he has small children and he probably wants to provide a college education for them, and also he lives in an expensive part of the country, just off the top of my head 1 million or two doesn’t seem too much.
Good point. 25 years ago when I got divorced, my ex had to maintain 1 million policy for our 3 children. And that was 25 years ago, and look at the price of gas, groceries, college, and housing since then!
iris lilies
5-29-22, 12:06pm
Also, for young families, they should always factor in the help that nanny government gives in the form of Social Security payments for children who have lost a parent. That is a sizable amount of money each month.
Maybe I am deficient in feelings of responsibility, but I've always felt I was responsible for my children, as I brought them into the world, and responsible for helping my parents, but once the children are grown, they are their own responsibility. Have always felt upon death, I have no more responsibility towards anyone, and survivors will have to figure out their lives from there. Thus I would not get insurance to pay off mortgage, but obviously, there are other ways to look at this. I am kind of surprised that I don't feel responsible for spouse after I die, but that's the way it is. And certainly not for my kids. And bills usually die with the person who wracked them up, so I would not be leaving them bills. . .
I would feel the need to have social supports in place for a disabled adult child. My son has SSI and if homeless would receive priority emergency housing placement. So even if I did not have life insurance I would not worry.
iris lilies
5-29-22, 6:28pm
Maybe I am deficient in feelings of responsibility, but I've always felt I was responsible for my children, as I brought them into the world, and responsible for helping my parents, but once the children are grown, they are their own responsibility. Have always felt upon death, I have no more responsibility towards anyone, and survivors will have to figure out their lives from there. Thus I would not get insurance to pay off mortgage, but obviously, there are other ways to look at this. I am kind of surprised that I don't feel responsible for spouse after I die, but that's the way it is. And certainly not for my kids. And bills usually die with the person who wracked them up, so I would not be leaving them bills. . .
In Catherine ‘s case, even though I do not know who actually accumulated the debt, it’s a safe bet to say that her assets will have to pay it so either way her husband is left without assets whether or not his name is on the debt.
I absolutely consider my spouse upon death and all considerations related because he worked with me jointly to accumulate assets.
Teacher Terry
5-29-22, 11:46pm
IL, I totally agree with you and didn’t want my spouse impoverished when I died which is why we left our pensions to each other upon our death. That cost a serious reduction in our pensions. Thankfully we were able to jointly rescind that and each now have bigger pensions. I agree with Catherine being the bread winner caring term life insurance on her is the smart thing to do.
In Catherine ‘s case, even though I do not know who actually accumulated the debt, it’s a safe bet to say that her assets will have to pay it so either way her husband is left without assets whether or not his name is on the debt.
I absolutely consider my spouse upon death and all considerations related because he worked with me jointly to accumulate assets.
Yes, the debt was jointly accrued. 3/4 of it is in the mortgage for our VT house. We still have the mortgage on our NJ house, but mentally I'm not counting that one. Then, when we moved up here, DH "had to have" a boat, which was an unexpected purchase he had to talk me into. I went into the loan for that boat very begrudgingly, but I have to say, the entire family has had countless hours of wonderful times on that boat. And because we downsized considerably, the boat was almost an extension of the house. We actually count it as living space. But we still owe on it. Then, there is small amount residual of CC debt that I've been paying down. So I definitely want the slate wiped clean. As IL said, DH and I have been on this road together, and he would have a pretty tough time if I were to go first.
I wish I could say I didn't need the poor man's savings account at this point in my life, and I shouldn't need it, but our financial life has been interesting to say the least and so here we are.
Yes, the debt was jointly accrued. 3/4 of it is in the mortgage for our VT house. We still have the mortgage on our NJ house, but mentally I'm not counting that one. Then, when we moved up here, DH "had to have" a boat, which was an unexpected purchase he had to talk me into. I went into the loan for that boat very begrudgingly, but I have to say, the entire family has had countless hours of wonderful times on that boat. And because we downsized considerably, the boat was almost an extension of the house. We actually count it as living space. But we still owe on it. Then, there is small amount residual of CC debt that I've been paying down. So I definitely want the slate wiped clean. As IL said, DH and I have been on this road together, and he would have a pretty tough time if I were to go first.
I wish I could say I didn't need the poor man's savings account at this point in my life, and I shouldn't need it, but our financial life has been interesting to say the least and so here we are.
With spouses who feel this way, do you each have insurance on the other, so that each is relieved of the debt and mortgage on the death of the other? Does your son have insurance on the life of DIL, since she has an income as well?
With spouses who feel this way, do you each have insurance on the other, so that each is relieved of the debt and mortgage on the death of the other? Does your son have insurance on the life of DIL, since she has an income as well?
No, I think you have to look at each scenario individually. If DH were to predecease me, financially I would be no worse off. Plus, he is a smoker and has other health issues that would make life insurance very expensive. Plus, because I would be no worse off if he died buying life insurance would be nothing more than gambling against his life (at a very high cost), which I refuse to do.
Plus, because I would be no worse off if he died buying life insurance would be nothing more than gambling against his life (at a very high cost), which I refuse to do.
I think this is a part that I don't understand. If the life insurance on your life "gambling against your life ?" Why would you be gambling against his life?
I think this is a part that I don't understand. If the life insurance on your life "gambling against your life ?" Why would you be gambling against his life?
It's not the same.
I'm getting the life insurance to cover specific financial needs to keep him solvent if I die
But, if the idea of life insurance is to cover financial needs, it doesn't make sense for him to get life insurance, but it does make sense for me to get it. If he is getting life insurance even though I don't need the payout, that truly is like the poor man playing the lottery, but instead of winning a jackpot, he dies. I don't want more than I need. His needs are greater than mine because he is not working. He would not be able to pay bills and he would probably lose the house unless the kids helped him out.
Plus, he's uninsurable for practical purposes.
Maybe I'm not making sense, but that's the way I'm reasoning it
I think you are totally making sense; I think I have a different take on it, so it's helpful to have you walk me through what you are saying.
Teacher Terry
5-30-22, 8:25pm
Catherine, once you fully retire you don’t need your husband’s SS to make ends meet?
Catherine, once you fully retire you don’t need your husband’s SS to make ends meet?
No, not really. I've crunched the numbers and I can make ends meet. Once my debt is retired (including the house) I will be, and I can definitely live off of SS. It won't be a luxurious life, but it certainly won't be bad.
iris lilies
5-30-22, 9:19pm
No, not really. I've crunched the numbers and I can make ends meet. Once my debt is retired (including the house) I will be, and I can definitely live off of SS. It won't be a luxurious life, but it certainly won't be bad.
I believe you, and your Social Security is gonna be fairly high anyway because you were a high earner.
When I die my pension and my Social Security die with me, and I guess DH can then take my Social Security amount? Which is a bit higher than his by about $6,000-$7,000 dollars a year. While I wouldn’t want him to have to exist on that amount, he COULD if he had to. Actually Now that I think about it,I can see him living off of Social Security and dipping into assets only to buy a new vehicle and take big trips.
Yes, your husband can take the survivor benefit, which would be what you get now. That is all he would get, the higher amount, not both.
Do you buy whole or term life insurance? My understanding was that one was not good, but which one? I'm kind of liking the idea of insurance as long as we have a mortgage. But we would both need it on each other. How much is it to get something like 300,000?
iris lilies
5-30-22, 10:53pm
Yes, your husband can take the survivor benefit, which would be what you get now. That is all he would get, the higher amount, not both.
Do you buy whole or term life insurance? My understanding was that one was not good, but which one? I'm kind of liking the idea of insurance as long as we have a mortgage. But we would both need it on each other. How much is it to get something like 300,000?
It is term insurance that you want.
As far as how much it costs for old people like us, I have no idea.
speaking of savings accounts for poor people that is insurance, I had never heard of funeral insurance until I moved to St. Louis. Apparently it is a thing. And then my mother somehow became enmeshed with a salesman of “funeral insurance” because my brother paid a visit to her house and found her huddled over the dining room table with this salesman, considering funeral insurance plans. This was during her Alzheimer’s brain stage.
That was ridiculous because my mother‘s assets would easily cover her funeral, would cover 10 funerals. Even if she didn’t have those assets us kids could easily cover her funeral. But the most ridiculous thing of all was that she already had a prepaid funeral plan that she had completely forgotten about! Doh.
My mother had weird obsessions about her funeral and her Alzheimer’s disease only made it worse. It was kind of a hobby for her, the funeral planning.
Just say you're dying of covid and you can get a free funeral. Keep testing with the unreliable tests until you hit the positive jackpot. The hospital will get more money so they will play along with you.
It is term insurance that you want.
As far as how much it costs for old people like us, I have no idea.
Oh, yes, definitely term insurance. Mine is a 10 year policy, meaning if I make it through 10 years without dying the rates will go up dramatically, and I'll probably just drop that policy at that point.
As for the cost, a 70 year-old like me can get a 250k policy for $150/mo if you're healthy, but a typical smoker would have to pay $700 for the same policy. You can also opt for lower terms, like a 5-year instead of a 10 year.
Also, one of my breast cancer market research respondents said that she was able to get a 60% payout by getting her doctor to sign a document that she'd be dead within 24 months. It helped her and her family cope with the expenses incurred by her inability to work and other expenses of the illness.
that is an interesting idea, to get term for the amount of the mortgage, although I do worry about what happens in 10 years, and we are 10 years older, but still here, and the mortgage is still here. Don't like that it becomes so much more expensive.
It sort of reminds me of working with annuities, which is not something I have ever done, but I wonder about going into the last part of our lives, how to plan to have enough money going forward.
iris lilies
5-31-22, 8:59am
that is an interesting idea, to get term for the amount of the mortgage, although I do worry about what happens in 10 years, and we are 10 years older, but still here, and the mortgage is still here. Don't like that it becomes so much more expensive.
It sort of reminds me of working with annuities, which is not something I have ever done, but I wonder about going into the last part of our lives, how to plan to have enough money going forward.
For those of you my age who have a mortgage, look into a reverse mortgage. I am not saying it is a good deal, but it is a deal.
I have a hard time understanding reverse mortgages, but my friend has one and just pulled another bunch of equity out of her house. For those who are in the mindset of “I’m going to live here until I die and there will be no variation “ they will sell you a reverse mortgage.
happystuff
5-31-22, 9:23am
I've heard mixed reviews on the reverse mortgages. Admittedly, I have never looked into one, but have spoken with a couple of people who have them. One totally hated it! The other, while not hating it, said they had some regrets. I assume there are different terms, etc. depending on the reverse mortgage obtained? Again, I admit to very limited knowledge of these.
Yes, reverse mortgages are not a good financial deal, but they do allow people to stay in their houses and draw some equity for living expenses. My cousin and aunt found themselves in a position where they would have had to move out of the beautiful farmhouse they had lived in for decades if it hadn't been for a reverse mortgage. My aunt recently died, and my cousin will continue to live there. The reverse mortgage will supplement her SS and the income she makes teaching piano and will allow her to stay there until she dies. She never married and has no children, so it's a perfect "die broke" solution for her.
Yes, reverse mortgages are not a good financial deal, but they do allow people to stay in their houses and draw some equity for living expenses. My cousin and aunt found themselves in a position where they would have had to move out of the beautiful farmhouse they had lived in for decades if it hadn't been for a reverse mortgage. My aunt recently died, and my cousin will continue to live there. The reverse mortgage will supplement her SS and the income she makes teaching piano and will allow her to stay there until she dies. She never married and has no children, so it's a perfect "die broke" solution for her.
That makes total sense to me. If I were in her shoes, I would have done that, too.
I find the most confusing thing to be planning financial future for the both of us. It would be easier if I were planning for just me. Maybe that is why I resist worrying about paying things off after I die. I can barely keep up with the demands of being alive, it feels.
Sometimes we have talked about getting divorced but continuing to be together, just to simplify the finances. For one thing, I would get much higher social security benefits as survivor benefits from first long time marriage of 17 years.
I bet some people get divorced so that the medical bills of one does not bankrupt the other.
It feels very hard to do this planning and figure out the right thing.I guess that is why annuities appeal to people.
I have found it true that having dependents (and a modest asset base) complicates the planning situation. When our kid was born, we set a goal of leaving him an estate that would include a college fund, a decent mortgage-free house, and sufficient financial assets to cover property taxes on said house.
It’s been a moving target over the years. Shortly after he was born, we took out twenty year term policies sufficient to cover what our assets couldn’t to meet the goal. Over the subsequent years, we built up assets and reduced the mortgage to make the life insurance less crucial. I was also able to take a pension option that will provide him with a decent income until he’s 28, even if my wife and I die earlier than we’d prefer.
It’s been a little trickier than a “die broke” strategy, but I have come to like the idea of leaving something tangible behind. Insurance was a useful tool to “rent a legacy” in that respect.
iris lilies
5-31-22, 12:13pm
IL, I totally agree with you and didn’t want my spouse impoverished when I died which is why we left our pensions to each other upon our death. That cost a serious reduction in our pensions. Thankfully we were able to jointly rescind that and each now have bigger pensions. I agree with Catherine being the bread winner caring term life insurance on her is the smart thing to do.
That is interesting, and certainly a very good thing, that both terms of your pensions could be changed upon divorce.
My pension does pay out to my spouse upon my death within the next three years or so, But after that. It’s up the pension dies with me.
So if we were to both pay money for insurance on the other for 250000 to pay off mortgage, then we would be looking at 150-500 (I am guessing, from the information here and our ages) a month to get insurance that would go away in 10 years.
I guess I don't think that is possible right now or a good idea--if I am doing this to pay off a house that is too expensive for us, then we would both be better off downscaling our spending now, and shaping a life we can afford independently, if something happens to one of us. The only people I feel are dependents are children or the incapacitated elderly, and my husband should be able to care for himself, as should I. I know this makes me sound heartless or something, but the more I think about it, the less trying to control things beyond my death seems in alignment with my belief system.
There is always the horrible scenario of someone who can't manage money getting an insurance payout and mishandling that, too. My husband and I talked this over at some length yesterday, and now that I see the actual numbers, since there is no way I would pay for insurance for just one of us, I don't think will will do this.
If my husband cant afford to keep the house, then he should get rid of the house. Leaving someone with no debt is not the same thing as leaving someone with the ability to pay bills going forward.
My husband and I actually feel the same way, so there's that.
But I will have to keep thinking about it.
I just don't feel I have responsibility for anyone once I am gone--I have spent my life giving sacrificially to others, to my own detriment, and usually not out of a feeling of largesse or kindness, just a feeling of being forced to give them things, and being exploited and cheated by first husband and brother. So I plan for death to be a release from that responsibility to others. There is no way that others exploiting me needs to extend beyond the grave.
I feel like the Melina Mercouri character in Never on Sunday, radically out of step with everybody else!
iris lilies
5-31-22, 1:30pm
OF COURSE people “should “live in the real estate they can afford. People often don’t do what they “should “do.
In the example of reverse mortgages, my knowledge of specific scenarios are limited to less than a handful and that includes Catherine‘s relatives. But in every case I see little old senior citizen people living in giant pieces of real estate they cannot afford to maintain. Seems like a house of cards to me, but whatever. That is not my choice, I’m looking for something more solid small and maintainable.
Our Hermann house is great for that, but it has a giant 1 acre yard on a hill. It is a bitch to mow. Couple years ago a guy gave us an offhand quote for $100 per mowing. I thought that was super reasonable. Already I am planning what happens to iris and Lily beds in 10 years when I can’t maintain them. Our yard is set up to downsize maintenance issues. It is easy enough to pull out flowerbeds and re seed them into grass.
So, I guess my point here is I try not to be too dedicated to the idea that “I will live here until I die no matter what with no variables” and I actually know what I would likely do if DH died.
So, I guess my point here is I try not to be too dedicated to the idea that “I will live here until I die no matter what with no variables” and I actually know what I would likely do if DH died.
Yes. I totally agree. That's why I wanted to buy this place in VT. I know it isn't cheap by flyover country standards, but it was very cheap ($164k) by NE standards. When we bought it, I figured that when I paid off the mortgage, it would be about $300-$400 a month for property taxes (again, maybe seems high, but relative to NJ property tax it's a steal) and it's a truly beautiful place to live.
Yes, reverse mortgages are not a good financial deal, but they do allow people to stay in their houses and draw some equity for living expenses. My cousin and aunt found themselves in a position where they would have had to move out of the beautiful farmhouse they had lived in for decades if it hadn't been for a reverse mortgage. My aunt recently died, and my cousin will continue to live there. The reverse mortgage will supplement her SS and the income she makes teaching piano and will allow her to stay there until she dies. She never married and has no children, so it's a perfect "die broke" solution for her.
Our next door neighbor is in a similar situation. She’s 82 and has no children that I know of. (None have ever visited and she has never mentioned any). About 6 months ago she was in dire straights financially because the hoa was moving to foreclose on her because she was more than a year behind on monthly assessments. She had already significantly reverse mortgaged her home but because property values have gone up so much she was able to refi and suck even more money out of it. When we moved in she told us that the only things keeping her alive were her flowers and dog. I’m glad she can stay and keep caring for both. (The flowers are gorgeous. She is quite a good gardener)
Well Iris Lilies the trend here is to not mow your lawn, at least in the month of May, because it is bad for the bees if you do, and to set the mower higher when you do mow. Eventually you may be freed of the societal obligation to mow altogether!
iris lilies
5-31-22, 2:26pm
You should always set your mower high anyway because that’s good for the health of the grass.
rosarugosa
5-31-22, 3:19pm
DH and I always had life insurance through our employers and paid extra for higher coverage, but it was still quite reasonable. I currently have retiree life through my former employer that doesn't cost me anything and gradually phases out over time. Actually "tapers down" would be more accurate, because at age 75 it goes down to $10,000 and stays at that amount until I die. We have some life insurance through DH's current employer, but now that he's shifted down to per diem, that will be going away.
I've never felt that the first to die needs to leave the surviving spouse rich, but we are a team and we basically promised to take care of each other through thick or thin. So I do feel some "beyond the grave" responsibility that neither of us should leave the other in a precarious financial position. We're not into elaborate funerals and such, so we should be able to fund burn and scatter without much trouble. Plus, I plan to borrow Teacher Terry's nice urn, lol. We don't have a mortgage, and we don't need to leave a legacy for any children, so that makes it a bit simpler.
The real fun starts when you find out your spouse has taken out a life insurance policy on you... :-)
iris lilies
5-31-22, 3:25pm
Just say you're dying of covid and you can get a free funeral. Keep testing with the unreliable tests until you hit the positive jackpot. The hospital will get more money so they will play along with you.
Hey Jep, I sense more than a little bit of resentment that you, Mr. taxpayer, are paying for these funerals.
Gosh one would almost think that is not necessary and is pandering to the American populace for unnecessary Waste of tax dollars. But nah, President Biden would not do anything like that.
The real fun starts when you find out your spouse has taken out a life insurance policy on you... :-)
Isn’t that illegal without the insured’s sign off?
I don't think it is--remember the scandal when Walmart was insuring their employees' lives without their knowledge, and then profiting upon their deaths?
Bae, I hope your ex did not do that to you. That seems to have been the motive in that Staircase murder (or possibly two murders.)
I don't think it is--remember the scandal when Walmart was insuring their employees' lives without their knowledge, and then profiting upon their deaths?
Bae, I hope your ex did not do that to you. That seems to have been the motive in that Staircase murder (or possibly two murders.)
My understanding was that at this point “dead peasant insurance” was (depending on the state) either outlawed outright or so heavily regulated that it was financially infeasible.
The real fun starts when you find out your spouse has taken out a life insurance policy on you... :-)
Yikes--I hope it isn't still in effect. I've seen too many crime shows...:confused:
I don't think it is--remember the scandal when Walmart was insuring their employees' lives without their knowledge, and then profiting upon their deaths?
Bae, I hope your ex did not do that to you. That seems to have been the motive in that Staircase murder (or possibly two murders.)
"Dead peasant insurance," it was called, I believe.
Hey Jep, I sense more than a little bit of resentment that you, Mr. taxpayer, are paying for these funerals.
Gosh one would almost think that is not necessary and is pandering to the American populace for unnecessary Waste of tax dollars. But nah, President Biden would not do anything like that.
You've got me pegged.
frugal-one
5-31-22, 10:02pm
Hey Jep, I sense more than a little bit of resentment that you, Mr. taxpayer, are paying for these funerals.
Gosh one would almost think that is not necessary and is pandering to the American populace for unnecessary [I]Waste of tax dollars.
But nah, President Biden would not do anything like that.
That was trump’s MO.
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