by Guest » Mon Jul 27, 2009 07:07 pm
She and I have been divorced almost 20 yrs but she seems to be on a crash course with fate. I'd like to have a policy in place where if the unthinkable eventually happens our son can benefit from it. I don't want her to know about it as it may give her an incentive to live.
Posted: Fri Sep 04, 2009 02:48 pm Post Subject: Her incentive to live...
You don't want her to know because it may give her an incentive to live? Geeze that's harsh. And to think, relationships like these begin with love...Like mentioned above she would have to know and there must be an insurable interest. If she helps the son financially then there may be an insurable interest there.
Posted: Thu Sep 17, 2009 10:07 am Post Subject:
It also happens the other way round at times. When we're in love we agree to pay for all the premiums, and then when we move on, we change the beneficiaries.
Posted: Sun Mar 21, 2010 11:24 pm Post Subject: Life Insurance
Quote---"Whoa!! Anyway, this ain't happening. It's not possible to take out a life insurance policy on others names without their knowledge. And, if you try something of that sort, remember that you would be performing scam."
If that is true then why can big businesses like Walmart etc Take out huge life insurance policies on their employees without their knowledge? I agree that it is underhanded, but alot of big companies are doing it to benefit off of peoples death. And word has it that they don't even share it with the grieving families.
Posted: Wed Mar 24, 2010 03:26 am Post Subject:
If that is true then why can big businesses like Walmart etc Take out huge life insurance policies on their employees without their knowledge? I agree that it is underhanded, but alot of big companies are doing it to benefit off of peoples death. And word has it that they don't even share it with the grieving families.
Not really. This idea that companies buy life insurance on their employees for the purpose of profiting off their deaths is a myth. It's not being done in any sort of systematic or surreptitious way. There are laws that govern this.
Posted: Wed Mar 24, 2010 04:10 am Post Subject:
why can big businesses like Walmart etc Take out huge life insurance policies on their employees without their knowledge?
This is no longer possible in California. Non-exempt employees cannot be insured under COLI policies. And exempt employees must consent to be insured (under federal law) if a COLI policy is connected in any way with a nonqualified executive/employee benefit plan.
Posted: Sat Aug 04, 2012 01:52 am Post Subject: insurance on unknowing spouse
How would I find out if my husband has been issued life insurance without my knowledge? I already have over $350,000+ life insurance but my husband and I are in the process of going through a nasty separation and I don't trust him.
Posted: Mon Aug 06, 2012 02:44 pm Post Subject:
How would I find out if my husband has been issued life insurance without my knowledge?
Other than asking him, you would not find out. What difference does it make to you if he has life insurance you don't know about? Are you jealous that he might be leaving more money to someone else when he dies? It's not really your concern.
But you can have your attorney subpoena his bank records. If he's been paying for life insurance, you'll find the evidence there. Personal accounts and business accounts -- check them all. Hidden accounts . . . well . . .
Or are you saying he used your money to buy his insurance? That could be a different matter. If he's been using your money, how did he have access to it? Through a joint bank account? If that's true, you already have access to those records and can look for yourself without a subpoena.
Posted: Sat Sep 01, 2012 07:03 pm Post Subject: You are kidding...right?
Ok...this has to be a joke...why would you not tell her if your intentions were honorable...you don't think she would want her child to receive her death benefits? Divorced for twenty years...hmmmm..yep...your son is grown...
Never assume to do a good service for one person while being dishonest with another....the dishonesty cancels out the good deed...
You sound more like a Drew Peterson type to me...maybe a bum looking to cash in on someone elses misfortune so he can have a hoar in a vegas hotel...you bum...support your son...and his mother won't have to die so he can eat...
Make like a space dog and gravitate....out of here...
Was a "anotherconfusedwoman" but now pink and bashful
Posted: Sat Sep 01, 2012 09:20 pm Post Subject:
.why would you not tell her if your intentions were honorable.
Honorable or not, you just don't seem to "get it" lady. There is no law or requirement that a husband or a wifes has to inform their spouse that they have purchased life insurance on his or her own life. It is a private matter, and it doesn't matter what a person's intentions are, as long as they are not otherwise unlawful.
Now if you want to be concerned about your spouse purchasing insurance on your life, that's a different matter entirely, and it requires your consent in most states.
Whatever the dynamics of the relationship between husbands and wives may be, you don't have to leave your life insurance proceeds to him, and he doesn't have to leave them to you. And the children can be excluded, too.
Posted: Sun Sep 02, 2012 08:57 pm Post Subject: insurance is a scam
If truth be told...certain types of life insurance is as useless as those extended warranties you buy on carpet and appliances...you pay and pay..but when you need to use it, they find a loophole..
Example: "oh no, we can't pay that policy benefit, did you not read the really small print, on the page that was encrypted? It clearly states that the policy only pays if the deceased actually dies between the hours of 2 am and 5 am...during the 5th week of February...on Thursday only"
My brother in law sold insurance and as a newbie to it,,,even he did not realize how useless the policy he once sold us really was...
Having someone take out life insurance on you without informing you is creepy and should be illegal in this day of vanishing spouses, especially women....it is not only creepy, it is suspicious...
Let someone decide to take off without telling anyone and the person who took out a policy on them without consent may end up on tv, on the Nancy Grace show, being called a suspected person of interest...
I am planning on canceling my life insurance policy to ensure crooked hubs doesn't plan on an early retirement...since i am taking my half of his retirement now...he will have to work for another thirty years to catch up....life can be a hormonal b!$ch...but thats what happens when you seek to make your wallet fatter at someone elses expense...
I am also going to demand an irrevocable whatever or i will start divorce proceedings to ensure my continued support...i don't care what the "rules"are...the ones i make are for my marital contributions...if you as an insurance pusher, don't understand about marital contributions, you need to stop advising women completely..
Life is lovely...when you have honesty on your side...lol
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