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.
by Kristin Trapp 5 years ago
What is the difference between whole and term life insurance?Is the amount of time each insurance policy lasts the only difference or are there others? Does age play a role in determining which one is the best type of life insurance for me and my family?
by pinoyconnection 4 years ago
is life insurance worth it?
by Faith Reaper 3 years ago
Should a spouse be able to take out a life insurance policy on their spouse without their knowledge?In light of the Colorado man who allegedly pushed his wealthy wife off a cliff, and who is also now being looked at for his first wife's murder after a car fell on her ...being he had taken out...
by Office paperless 5 years ago
what is life insurance?
by Allen Douglas 4 years ago
What is the difference between term life insurance and life insurance offered by an employer?I was able to get a good rate on a term life insurance policy with a 20 year term. My workplace life insurace seems similar, but the rates change over time. Are there any other difference or...
by kim frank 6 years ago
Is life insurance money taxableupon my fathers death, in 2010, I received life insurance money from him, do I have to declare this as income and pay a tax? If so, what is the tax rate?
Copyright © 2018 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|