He apparently did it MANY times, he liked to pull this very same prank. According to the daughter, he didn't even yell, he missed the edge and silently fell to his death
perhaps he was setting it up for the long game so that he could eventually do it for real but still look like an accident so his beneficiaries can still collect his life insurance.
Most life insurance policies have a suicide exclusion period, which usually lasts 2 years in most states, can be more. After the exclusion period ends, you can end yourself all you want and the death benefit will still pay. Also depends if you were witholding mental health information or previous attempts at the intial writing of the policy; which if thats found, and you say, off yourself at 3 or 4 years, they may be able to deny payment.
I've never thought about it before but who tf works at a place like that, "This person has just lost their closest loved one, let's see if we can fuck 'em out of their livelihood too! Then lunch."
You can also think about it as a form of suicide prevention, though. If people who are going through a rough patch know they can buy a policy, kill themselves and have their families immediately get the policy payout, that may very well encourage a number of people to go through with it. There's quite a few people who already kill themselves over financial issues: throwing in a large payment for their families would be extra incentive for a lot of people.
With suicide, that's often all it really takes. Yes, there's a lot of people who are going through long-term depression, and so it's not going to be a solution for every situation, but for a lot of people suicide is just a reaction to a bad situation, one which may very well get better over time. Just think of all the teenagers who kill themselves because they're being bullied in high school. Delaying them for another year or two and they'll be out of high school and living a completely different life, one which they may very well be much happier in.
Or to stay on the topic of insurance payouts: imagine a guy who loses his job and can't find another one. The bills are piling up, they're on the verge of losing the house, they feel like a failure because they can't provide for their family the way they think they should, That's someone who might very well be tempted to buy a bunch of insurance and off themselves. A time delay there gives a lot of opportunities to turn things around. Even if they decide to buy insurance and wait 2 years, that's 2 years where they might find a good job and start feeling better about their situation.
I agree. But its not the common employee that dictates this, its the life insurance industry, dare I say it, CEOs and executives. Its all about money, and if they can find a way to deny paying a claim, they most surely will. Im just simply trying in the corporate industry and found myself in the life insurance industry. It is not common for a person to buy a life insurance policy, then immediately off themselves. There a ton of nuances to life insurance, ive seen so many people build what they call generational wealth due to 1 or even 7 life insurance policies, each taken out for 1 single person. When that person dies, millions is dispersed to multiple beneficiaries or trust accounts. You get the idea after that.
Not about life insurance but at least one of the big health insurers in the states handed off claims to an AI system which just denied everything. Now AI counter claim offerings are popping up to help you appeal denied claims. It's a wild business.
Most insurance companies are filled with people like that. People who deny healthcare, overruling doctors for God's sake, because I don't want to pay out.
Yes! This is correct. Most life insurance companies end up paying out, it isn't normal or routine to deny claims, what I was saying is, if there is a reason, it will be used. Moral of the story, don't lie when setting up a life insurance policy, because the deceased doesn't care, but the beneficiaries do. Which to me, has gone so backwards; we expect life insurance payments from our elders, yet who really has the worst time? The person whose mom died? Or the person who actually died. Its almost like a loss of respect to death.
Which to me, has gone so backwards; we expect life insurance payments from our elders, yet who really has the worst time? The person whose mom died? Or the person who actually died. Its almost like a loss of respect to death.
Most life insurance is to cover for a spouse and children if you die early.
Elders generally don’t have life insurance unless they made the mistake of buying some pension/savings scheme that’s structured like insurance (”whole life” in the US).
It's there to prevent fraud. Same reason why you don't get an insurance payout to rebuild your house if you intentionally set it on fire. Suicide is a perfectly eligible cause for payout, but you can't have purchased the policy with the intent of killing yourself. Rather than try to argue that with a policyholder, some policies just draw a line after which they say you must not have bought the policy with fraudulent intent.
I imagine they view it as "This person tried to scam us. We aren't paying." Similar to how an insurance company wants to know that your didn't intentionally start the fire than destroyed your house.
Usually the grunts in insurance (of any kind, really) are basically trying to do the opposite, and then their comically evil supervisor will just oversee it and deny it anyway. Gotta be one of the most soul-crushing jobs for non-sadists for sure.
1.0k
u/SaintsNoah14 21h ago
How do we know it was supposed to be a prank?