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04-28-2011, 11:35 PM
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#38 |
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UNDER CONDITIONAL MITIGATION
Join Date: Mar 2004
Location: Austin, TX
Posts: 20,012
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Sadly enough, that would be illegal. You can't take out an insurance policy on someone unless you have an "insurable interest;" that is, a demonstrable reason to want them to stay alive. Basically, only family members.
BUT, we could all take out a policy on a close elder relative, and every time one of them kicks the bucket... |
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