4 ms·

Is it bad to take out a life insurance policy right before you have a medical procedure?

• arter45 4mo ago
  If the only person who can get the money is you (or your partner or children or whatever), it’s fine as a form of compensation for potential damages. If anyone, including your surgeon, can take that life insurance policy based on your life, things can go bad pretty quickly (hint: what happens if a profit-maximizing surgeon would earn a lot more money from your policy than from his regular job?).
  • hunterpayne 4mo ago
    This is why people who work in sports can't bet on sports. This is literally a solved problem. The current laws outlaw your examples already.
• warkdarrior 4mo ago
  Not if it's your own procedure. If it is someone else's? Bad, because I'll just take a life insurance on them and then promise the doctor half of the proceeds if they ensure that the outcome of the procedure leads to an insurance payout.
  • fer 4mo ago
    But killing someone is a crime, and fraud is a crime, the insurance in itself isn't.