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(Marketwatch)   My former mother-in-law took out a life-insurance policy on my eldest child. I'm enraged she beat me to the punch, but do I need to add a sex angle/Mrs. Robinson spin before I sell my story to Hollywood?   (marketwatch.com) divider line
    More: Obvious, Family, Life insurance, Universal life insurance, life-insurance policy, Whole life insurance, Term life insurance, ex-husband, Variable universal life insurance  
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355 clicks; posted to Discussion » on 27 Oct 2021 at 11:20 AM (6 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



18 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-10-27 11:41:55 AM  
I have seriously considered taking out life insurance policies on my Trumper relatives.
 
2021-10-27 12:15:11 PM  
If she's paying the premiums and isn't likely to cause an "accident" involving your child, you don't need to give a flipping fark.

But just in case you're really concerned, go fark your ex's dad. That's the way to insure a great time for all.
 
2021-10-27 12:18:35 PM  
This writer sounds bitter and angry, a probably POL tab regular.

What does the dude being a dunk have to do with Grandma buying Life Insurance? Probably just pensioning the well.

Anyway if grams did get one of those neat polices that turns into a retirement fund good for her.  It might actually improve her life.  We get it you hate your Ex-mother in law, but she may in fact love your daughter.
 
2021-10-27 12:34:08 PM  
I'm a bit unfamiliar on life insurance and how it works.  It is just straight gambling (i.e. I bet that this person will die before a certain date and the insurance company is betting they will die after based on their table) and I can get a policy on anyone, or I need to somehow prove that that person is important to me (i.e. the breadwinner of a family)?

I don't see any reason to insure a child other than just the straight gambling aspect, in which case getting the policy is just as shiatty as betting the no pass line in craps (betting that the guy rolling dice is going to lose).
 
2021-10-27 12:35:43 PM  

RogermcAllen: I'm a bit unfamiliar on life insurance and how it works.  It is just straight gambling (i.e. I bet that this person will die before a certain date and the insurance company is betting they will die after based on their table) and I can get a policy on anyone, or I need to somehow prove that that person is important to me (i.e. the breadwinner of a family)?

I don't see any reason to insure a child other than just the straight gambling aspect, in which case getting the policy is just as shiatty as betting the no pass line in craps (betting that the guy rolling dice is going to lose).


I'd like to add that it is even shiattier because the only reason you would put the policy on the child rather than a random stranger is that you have insider information that tells you the child is going to die.
 
2021-10-27 12:35:59 PM  

Green_Knight: This writer sounds bitter and angry, a probably POL tab regular.

What does the dude being a dunk have to do with Grandma buying Life Insurance? Probably just pensioning the well.

Anyway if grams did get one of those neat polices that turns into a retirement fund good for her.  It might actually improve her life.  We get it you hate your Ex-mother in law, but she may in fact love your daughter.


... poisoning. I wish we had an edit button.
 
2021-10-27 12:50:34 PM  

RogermcAllen: I'm a bit unfamiliar on life insurance and how it works.  It is just straight gambling (i.e. I bet that this person will die before a certain date and the insurance company is betting they will die after based on their table) and I can get a policy on anyone, or I need to somehow prove that that person is important to me (i.e. the breadwinner of a family)?

I don't see any reason to insure a child other than just the straight gambling aspect, in which case getting the policy is just as shiatty as betting the no pass line in craps (betting that the guy rolling dice is going to lose).


Some life insurance polices build value over time that can be cashed in without anyone actually dying.
 
2021-10-27 12:51:36 PM  

RogermcAllen: RogermcAllen: I'm a bit unfamiliar on life insurance and how it works.  It is just straight gambling (i.e. I bet that this person will die before a certain date and the insurance company is betting they will die after based on their table) and I can get a policy on anyone, or I need to somehow prove that that person is important to me (i.e. the breadwinner of a family)?

I don't see any reason to insure a child other than just the straight gambling aspect, in which case getting the policy is just as shiatty as betting the no pass line in craps (betting that the guy rolling dice is going to lose).

I'd like to add that it is even shiattier because the only reason you would put the policy on the child rather than a random stranger is that you have insider information that tells you the child is going to die.


Or maybe she's starting the kid's life long insurance policy and locking in insanely low rates that the kid will takeover when they grow up.

Have to see the terms of the policy before getting all "murder she wrote" ...
 
2021-10-27 1:10:05 PM  

Green_Knight: Green_Knight: This writer sounds bitter and angry, a probably POL tab regular.

What does the dude being a dunk have to do with Grandma buying Life Insurance? Probably just pensioning the well.

Anyway if grams did get one of those neat polices that turns into a retirement fund good for her.  It might actually improve her life.  We get it you hate your Ex-mother in law, but she may in fact love your daughter.

... poisoning. I wish we had an edit button.


Fark would be a disaster if the people who lie and move goalposts around were able to rewrite their thread history.
 
2021-10-27 1:12:03 PM  
I doubt that premise. I bet she doesn't have an insurable interest in a grandchild.
 
2021-10-27 1:33:52 PM  
A whole life insurance policy is high fee, high cost, and has a lower death benefit for an equivalent premium that you'd pay on term.  Your contributions can grow tax free, but so can they in a Roth and Traditional IRA.  Unless you've maxed out those and an HSA, I don't think whole life is a good investment.  It's entirely possible the MIL got hustled by her non-fiduciary insurance agent.
 
2021-10-27 1:34:29 PM  

Smackledorfer: Green_Knight: Green_Knight: This writer sounds bitter and angry, a probably POL tab regular.

What does the dude being a dunk have to do with Grandma buying Life Insurance? Probably just pensioning the well.

Anyway if grams did get one of those neat polices that turns into a retirement fund good for her.  It might actually improve her life.  We get it you hate your Ex-mother in law, but she may in fact love your daughter.

... poisoning. I wish we had an edit button.

Fark would be a disaster if the people who lie and move goalposts around were able to rewrite their thread history.


yeah I guess your right... maybe I should try this proofreading thing.  though making spelling and grammar errors does put purpose to some peoples otherwise pointless existence.
 
2021-10-27 1:47:46 PM  

Green_Knight: Green_Knight: This writer sounds bitter and angry, a probably POL tab regular.

What does the dude being a dunk have to do with Grandma buying Life Insurance? Probably just pensioning the well.

Anyway if grams did get one of those neat polices that turns into a retirement fund good for her.  It might actually improve her life.  We get it you hate your Ex-mother in law, but she may in fact love your daughter.

... poisoning. I wish we had an edit button.


We do- it's plainly labled 'Preview'. Having pointed that out, I too, am guilty of 'Weeners, review- D'oh!
 
2021-10-27 2:10:12 PM  
I know that back in the day it was common for Grandparents to buy life insurance for Grandkids.  At some point the kid can choose to cash it in.

Gerber Life Insurance
 
2021-10-27 2:56:55 PM  
Generally for life insurance, you need an insurable interest to buy a policy on someone. For instance, I can't buy life insurance on Drew to pay out when his liver finally gives out.

Unless you are in a really unusual tax position, whole life is a bad investment.  Pretty much nobody who isn't selling it recommends buying it.
 
2021-10-27 3:15:37 PM  

TheGreatGazoo: Pretty much nobody who isn't selling it recommends buying it.


Perfect encapsulation right there.
 
2021-10-27 3:50:05 PM  

RogermcAllen: I'm a bit unfamiliar on life insurance and how it works.  It is just straight gambling (i.e. I bet that this person will die before a certain date and the insurance company is betting they will die after based on their table) and I can get a policy on anyone, or I need to somehow prove that that person is important to me (i.e. the breadwinner of a family)?

I don't see any reason to insure a child other than just the straight gambling aspect, in which case getting the policy is just as shiatty as betting the no pass line in craps (betting that the guy rolling dice is going to lose).


Well you do have to have a certain relationship, as the story of the unkillable Michael Malloy would attest.
 
2021-10-27 4:40:25 PM  

Green_Knight: Smackledorfer: Green_Knight: Green_Knight: This writer sounds bitter and angry, a probably POL tab regular.

What does the dude being a dunk have to do with Grandma buying Life Insurance? Probably just pensioning the well.

Anyway if grams did get one of those neat polices that turns into a retirement fund good for her.  It might actually improve her life.  We get it you hate your Ex-mother in law, but she may in fact love your daughter.

... poisoning. I wish we had an edit button.

Fark would be a disaster if the people who lie and move goalposts around were able to rewrite their thread history.

yeah I guess your right... maybe I should try this proofreading thing.  though making spelling and grammar errors does put purpose to some peoples otherwise pointless existence.


Dont worry too much. Lots of folks here don't  proof their reading. They'll take off on a tangent so fast it'll make your head spin.

/gildaradner_anna_danna_banana.gif
 
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