Do you believe life insurance is good or harmful?
Life insurance is great for making sure your loved ones have something to help themselves survive. But can life insurance also create an intention to murder?
Anything of value in theory could create such an intent. But in reality if you committed a crime like murder and were the insurance beneficiary, you'd be an immediate suspect on that basis alone. In order for an insurance company to allow you to write a policy on someone two things have to happen. The insured must know their life is being insured. And the owner of the policy must have an "insurable interest" on the life of the insured. This means you must be able to demonstrate that there is a definitive need for the policy to exist. This is expressly for the intent of not allowing people to take out coverage on those they barely know and profiting by their death.
Only when the person is over insured and immoral/criminal minded beneficiaries know so. I have learned of a truly horrific example of this and there are many dozens more for each story we don't hear about.
The bottom line is that the insured needs to make sure they know the beneficiaries well and they need to NOT disclose amounts. If the beneficiaries are pushing for numbers, they need to be retracted immediately.
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