1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Anyone keen in Life insurance?

Discussion in 'BlackHat Lounge' started by Hydranize, Jun 6, 2016.

  1. Hydranize

    Hydranize Registered Member

    Joined:
    Jun 25, 2015
    Messages:
    75
    Likes Received:
    9
    Have someone in the family who isn't doing too good that could pass within some weeks or maybe a few months and haven't really looked into any life insurance. She's over 75 years old and depending on the prices for coverage I was thinking about purchasing a few life insurance coverage's from a few providers to maybe get a the "most" money I can get for what I can afford. This being said is it possible to have more than one coverage from a few providers? Also does anyone know of good trusted providers within the US that have coverage's for seniors over age 75?

    I dunno why but I just feel as if most providers won't payout when she passes or one will have to go through a great length of ordeals to collect the funds upon her passing hence me mentioning (trusted providers). Please share any and all input you folks may have on the subject.
     
  2. Sombrero

    Sombrero Senior Member

    Joined:
    Feb 28, 2011
    Messages:
    1,178
    Likes Received:
    996
    Occupation:
    August 26th
    Location:
    T-Mobile Arena
    That's called fraud and you will get caught cuz karma exists.
     
  3. Hydranize

    Hydranize Registered Member

    Joined:
    Jun 25, 2015
    Messages:
    75
    Likes Received:
    9
    Fraud for having multiple life insurance coverage's? Also the provider is making money either way given that its being paid for.
     
  4. Sombrero

    Sombrero Senior Member

    Joined:
    Feb 28, 2011
    Messages:
    1,178
    Likes Received:
    996
    Occupation:
    August 26th
    Location:
    T-Mobile Arena
    Cmon men who you want to kill? Money is evil when you want a relative be dead and get their money from insurance. That's not what money is about.
     
  5. hhr111

    hhr111 Newbie

    Joined:
    Jan 17, 2008
    Messages:
    48
    Likes Received:
    10
    Location:
    TX
    If death is to occur shortly, the life insurance companies will already know about the proposed life insurance candidate medical history by checking the MIB as well as simply calling their doctor to see what is going on with this person before approving a life insurance application. This is knowns as an APS. It is the job of an insurance underwriter to find reason on why NOT to approve a life insurance application. The reason why people by life insurance while their healthy is so they that can provide funds to beneficiaries when death occurs. The person who buys life insurance has to be healthy enough to meet life insurance underwriting guidelines. That person should of bought a policy years ago. I don't want to sound mean, but I sell life insurance and I get so frustrated by all of the healthy people telling why they don't need to buy it now and then I explain to them that you probably wont be able to buy it later because your health will suck!
     
    • Thanks Thanks x 1