return2ozma@lemmy.world to News@lemmy.world · 3 months agoSome baby boomers are burning through their retirement savings to pay for cancer treatments. Then they have to go back to work.www.businessinsider.comexternal-linkmessage-square27fedilinkarrow-up118arrow-down10cross-posted to: aboringdystopia@lemmy.world
arrow-up118arrow-down1external-linkSome baby boomers are burning through their retirement savings to pay for cancer treatments. Then they have to go back to work.www.businessinsider.comreturn2ozma@lemmy.world to News@lemmy.world · 3 months agomessage-square27fedilinkcross-posted to: aboringdystopia@lemmy.world
minus-squareFeloniousPunk@lemmy.todaylinkfedilinkEnglisharrow-up1·3 months agoAhh but that’s why they sell you life insurance, so you won’t kill yourself and the family can use the payout to pay off your medical debt. Maybe. Ain’t capitalism grand?
minus-squareBrodysseus@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up0·3 months agoThere’s usually a clause for that kind of death and it only doesn’t pay out for like 2 years usually. I’d get a lawyer to look to be sure
minus-squaremedgremlin@midwest.sociallinkfedilinkarrow-up1·3 months agoMany life insurance policies simply do not pay out in the case of suicide.
minus-squareSir_Kevin@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up0·3 months agoHypothetically speaking, what if you’re killed by a cop?
minus-squareQ*Bert Reynolds@sh.itjust.workslinkfedilinkarrow-up1·edit-23 months agoNo need for hypotheticals. There have been several documented cases of insurance denying payouts to victims of “suicide-by-cop”: https://www.insurancebusinessmag.com/us/news/breaking-news/insurer-moves-for-dismissal-of-lawsuit-in-suicide-by-cop-case-104373.aspx https://www.cbsnews.com/miami/news/life-insurance-rejected-in-suicide-by-cop/ https://www.enterprise-journal.com/most-recent/her-son-was-gunned-down-she-was-denied-his-life-insurance-payout-and-lexington-police-64f113f5b4690
Ahh but that’s why they sell you life insurance, so you won’t kill yourself and the family can use the payout to pay off your medical debt. Maybe. Ain’t capitalism grand?
There’s usually a clause for that kind of death and it only doesn’t pay out for like 2 years usually. I’d get a lawyer to look to be sure
Many life insurance policies simply do not pay out in the case of suicide.
Hypothetically speaking, what if you’re killed by a cop?
No need for hypotheticals. There have been several documented cases of insurance denying payouts to victims of “suicide-by-cop”:
https://www.insurancebusinessmag.com/us/news/breaking-news/insurer-moves-for-dismissal-of-lawsuit-in-suicide-by-cop-case-104373.aspx
https://www.cbsnews.com/miami/news/life-insurance-rejected-in-suicide-by-cop/
https://www.enterprise-journal.com/most-recent/her-son-was-gunned-down-she-was-denied-his-life-insurance-payout-and-lexington-police-64f113f5b4690