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 I was burgled, will my home insuance give me the items back or will i get it in money? |
I was burgled, will my home insuance give me the items back or will i get it in money?
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... but when someone with heath insurance visits the doctor, there is a discount on the cost when it is covered by the insurance?
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Aw please... you gotta help me! I'm 50 grand in the hole! Maybe I can beg Midge to let me move in with her.
Additional Details
Burn myself? Listen, you little yellow-bellied rat ... |
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Fam To The... | Would you let me collect on your life insurance? |
What would I have to do to collect on your life insurance? If I bought you life insurance and paid the premium on it and paid your funeral costs and paid your family 20% on the insurance policy would you let me collect on your insurance??
This is considering that you cannot afford life insurance yourself. |
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Zarnev
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It doesn't matter whether I can afford the life insurance or not. I can have multiple policies on my life.
You can buy life insurance on anyone on which you have an insurable interest. That means - are you going to be hurt in any way when I die. If not, you cannot take out insurance on me, even if you pay for it. |
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Richard Warren (wfc)
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You would have to prove an insurable interest in order to become the beneficiary on a random persons life insurance. That is why there is a law against people just buying insurance policies on random people. The point of life insurance isn't to profit on the death of others. |
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C.C.
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Yea. |
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nancygoldman@sbcglobal.net
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are you nuts ? |
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robee
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No. I would never authorize you to do that. I do believe you would need my signature. People like you are dangerous (especially to the elderly). |
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Stephen L
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If you are the owner (as you have pointed out: "bought") and you are the payer then you would be in titled to the benefit...
As there are 3 parties to an assurance contract: The Owner, The Payer and Life Assured.
So all the other nice stuff is not relevant.
Good Luck :-) |
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arin d nyl
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Whoever will allow you to get life insurance on their lives will have to allow you to be their payor/owner if you have an insurable interest on the individual. There are companies that will let you purchase other people's life insurance policy. Although it is possible to do so, it is unethical. |
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freddy f
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wako! |
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baserunner316
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since I have to die for you to collect NO. |
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MSAD
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No.
Why would I let some stranger profit from my death and stiff my family?
If I died with out a life insurance policy - my family suffers.
If I die with a life insurance policy that you paid for and collect on --you some stranger that I have no interest in at all and don't care what happens to you - profits and my family still suffers. Having you put a life insurance policy on me provides no benefit to me or my family. There is no reason for me to agree to do it.
Having you - a random -wacko -stranger collect on a life insurance policy - in no way enhances my life or the lives of my loved ones. It only gives you - a random -wacko -stranger a reason to kill me. And since you are nothing but a random-wacko-stranger and I am nothing to you but someone you are waiting for to die so you can collect a big pay out - there is no reason for you not to hurry my death along.
See the problem with your plan and why no one in their right mind would go along with it.
Also - you will have to show an insurable interest to the life insurance company. |
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robert k
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No. I don't think so. |
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aaron p
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In stranger owned life insurance (SOLI) or investor owned life insurance (IOLI), the insured needs to have "skin in the game" for the insurance company to issue the policy. This can be done through a loan or pledging collateral. If you are an individual instead of a financing company, realize that you also need the law of large numbers on your side to make this work. |
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JD
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sounds like not a bad business idea. i think that a lot of folks would definitely consider it. they might want more than 20% tho. |
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mbrcatz
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No. Sorry, not gonna let you.
The PROBLEM is, you would ALSO have to pay the premiums - and you would be the policy owner. So there's NO WAY they could guarantee you'd pay the funeral costs and the 20%. And it's likely you're not going to want to pay the premiums year after year, in order to have the policy in force when I die.
See, insurance companies will ALWAYS stack the odds (make the premiums) in their favor. If you buy a policy, odds are, you're going to be paying more into it, than you collect out of it, over the years. Otherwise, the insurance companies would go broke.
So the ONLY way you could actually "make money" doing this, would be to knock off the insured life - make them live a shorter life than the actuaries figure they will. AND, if you're caught, the policy won't pay out at all. |
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