Should Life Insurance Policies Be Banned?
It’s fair to wonder how many people would still be alive today if there were never any such thing as a life insurance policy. Personally I can’t imagine NOT having a life insurance policy if you have children 17 and under. But the below info might ring true for some of you.
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An insurance policy may be the only thing it takes to kick a murder plan into high gear. A woman who isn’t generally capable of murder just because she saw him with another woman might be to get her hands on that $300,000 payout.
Which brings us back to the initial question: How many people would still be with us had they not named their killer as the beneficiary of a life insurance policy?
Who in their right mind keeps an angry, disgruntled family member as the beneficiary anyways?
You’d be stunned to know the answer: Enough to supply the Investigation Discovery channel with one crime documentary after another in which a person was murdered for their life insurance policy.
- In many cases the killer is a woman – either directly, or she “hires” someone to do the job.
- Of course, many times the victim is a woman.
- A third scenario is when a non-family member has been scammed by the killer to name the killer as the sole beneficiary.
- A fourth scenario is when the killer takes out the policy of the victim without the victim knowing!
This article is about the first two types.
What’s absolutely mind-blowing is why the policyholder keeps these beneficiaries on the payout plan, when any one of the following has occurred:
- The beneficiary and the policyholder have separated or divorced – and have a very ugly relationship in which the beneficiary has displayed fits of rage.
- The policyholder is afraid of the beneficiary, though there’s been no violence directed towards him or her.
- The policyholder has been assaulted by the beneficiary.
- There are no children (which then begs the question more than ever of why the policyholder would want that ex-spouse or soon-to-be ex-spouse still as a beneficiary).
In short, why on earth would you want someone – whom you’re either afraid of or now hate to the bone – to be your beneficiary?
Even if you have young children with the beneficiary…it still makes zero sense if you believe there’s even a remote chance that your ex is capable of killing you for that money.
Your raging ex or deeply troubled son do NOT need $800,000 if you die in a car accident or from disease. So why do you have the policy and why are they on it?
Bottom Line
- Nobody whom you fear or who now hates you should be your beneficiary.
- Remove them at once and inform them promptly.
- It could save your life.
Robert Siciliano personal security and identity theft expert and speaker is the author of Identity Theft Privacy: Security Protection and Fraud Prevention: Your Guide to Protecting Yourself from Identity Theft and Computer Fraud. See him knock’em dead in this Security Awareness Training video.