5 ms·

This reminds me of a story about an old man who had a lot of debt that wanted to collect life insurance. He tried getting himself killed going to rough neighbor

by bko 3y ago

This reminds me of a story about an old man who had a lot of debt that wanted to collect life insurance. He tried getting himself killed going to rough neighborhoods and hurling insults and racial slurs (he was white) but no luck. Finally he got someone to hold a knife against a steering wheel while the man thrust his chest against it, killing himself in return for his ATM and pin. The man got caught and sent to jail and the insurance paid out, since it technically wasn't a suicide, as the man went to jail. https://www.washingtonpost.com/news/morning-mix/wp/2014/10/21/harlem-kevorkian-sentenced-to-12-years-in-prison-in-suicide-for-hire-insurance-scam/ https://www.washingtonpost.com/news/morning-mix/wp/2014/10/2...

hgsgm 3y ago
At least $4M was cancelled (due to false income statement on the application). I suspect more was cancelled. https://www.nydailynews.com/2012/06/15/judge-cancels-4m-life-insurance-policy-by-motivational-speaker-who-staged-own-murder/ https://www.nydailynews.com/2012/06/15/judge-cancels-4m-life...
- hgsgm 3y ago
  Strange that people are so strongly opposed to accurate facts.
  - flangola7 3y ago
    Where did anyone say they were opposed to facts?
    - Fezzik 3y ago
      With the downvotes…
      - flangola7 3y ago
        Where?
kadoban 3y ago
> The man got caught and sent to jail and the insurance paid out, since it technically wasn't a suicide, as the man went to jail. Typically, life insurance pays out in the case of suicide, especially if the policy has been unchanged for a couple years or so (some have an exclusion period at the start).
- PNewling 3y ago
  Huh, I didn't think that was the case, but looking around it sounds like it is: "Most life insurance policies include a suicide clause that prevents the insurer from paying out the claim if the insured's death was due to self-inflicted injury within a certain period from the start of the policy (typically two years)." https://www.progressive.com/answers/does-life-insurance-cover-suicide/ https://www.progressive.com/answers/does-life-insurance-cove...

by bko 3y ago

hgsgm 3y ago

At least $4M was cancelled (due to false income statement on the application). I suspect more was cancelled. https://www.nydailynews.com/2012/06/15/judge-cancels-4m-life-insurance-policy-by-motivational-speaker-who-staged-own-murder/ https://www.nydailynews.com/2012/06/15/judge-cancels-4m-life...

hgsgm 3y ago
Strange that people are so strongly opposed to accurate facts.
- flangola7 3y ago
  Where did anyone say they were opposed to facts?
  - Fezzik 3y ago
    With the downvotes…
    - flangola7 3y ago
      Where?

kadoban 3y ago

> The man got caught and sent to jail and the insurance paid out, since it technically wasn't a suicide, as the man went to jail. Typically, life insurance pays out in the case of suicide, especially if the policy has been unchanged for a couple years or so (some have an exclusion period at the start).

PNewling 3y ago
Huh, I didn't think that was the case, but looking around it sounds like it is: "Most life insurance policies include a suicide clause that prevents the insurer from paying out the claim if the insured's death was due to self-inflicted injury within a certain period from the start of the policy (typically two years)." https://www.progressive.com/answers/does-life-insurance-cover-suicide/ https://www.progressive.com/answers/does-life-insurance-cove...