3 ms·
That is why many people have life insurance. It's probably not common in large parts of the world, and requires a certain income level to pay for, but it can ma
by jdswain 9y ago
That is why many people have life insurance. It's probably not common in large parts of the world, and requires a certain income level to pay for, but it can make a situation where a parent dies a lot easier to cope with, at least the financial worries go away, or at least are delayed.
In my country (New Zealand) we have a government run, compulsory, insurance scheme for accidents and death. If you die by accident then your family gets a payout based on a percentage of your (former) income.
https://en.wikipedia.org/wiki/Accident_Compensation_Corporation https://en.wikipedia.org/wiki/Accident_Compensation_Corporat...
We don't have the right to sue for accidents, relying on ACC for compensation.
- hueving 9y agoWhen does the risk increase to a point where it becomes suicide and the insurance doesn't pay out?
- chmod775 9y agoWhy should it matter whether it was suicide or not? "Heh, I'm going to kill myself so I don't have to work to support my family and they can have insurance money instead" is not a thought many people would have.
- bb611 9y agoMost life insurance policies in the US do pay out for suicide, typically after 12-24 months.