[TheForge] Passing on 5 M insurance OT YAK
Andy Vida
osan at netlabs.net
Tue Aug 24 11:44:20 EDT 2004
"David E. Smucker" wrote:
>
> Andy -- make sure you read the very fine print. Most life insurance policy
> exclude payment for a death in a war zone or war related situation. There
> was even talk that they would not pay up on the 9-11 deaths but they did.
>
yeah, I figured something like that would have to be the case.
They don't give their money away so easily.
As for 9/11, I have heard that now there are now exclusionalry
clauses in some policies for death by terrorist acts. Given
that the definition of a "terrorist act" is so vague, it would
seem that any volitional cause of death is now excluded from
such policies. Shot in a robbery: terrorist act. Wife poisons
you for the payoff: terrorist act... and so on.
The world is getting absurd enough to laugh at.
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