return2ozma@lemmy.world to News@lemmy.world · 13 days 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-up116arrow-down10cross-posted to: [email protected]
arrow-up116arrow-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 · 13 days agomessage-square27fedilinkcross-posted to: [email protected]
minus-squareFeloniousPunk@lemmy.todaylinkfedilinkEnglisharrow-up1·13 days 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-up0·13 days 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-up1·13 days agoMany life insurance policies simply do not pay out in the case of suicide.
minus-squareSir_Kevin@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up0·13 days agoHypothetically speaking, what if you’re killed by a cop?
minus-squareQ*Bert Reynolds@sh.itjust.workslinkfedilinkarrow-up1·edit-213 days 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