Suicide is covered? That’s surprising. It seems about the same as getting fire insurance and a can of diesel. Which just gets you arrested.
(It is probably a good thing that suicide is covered. It just eliminates the incentive to suicide in a plausibly accidental way. ‘Deliberate accidents’ are far more likely to hurt others unless they are really well planned.)
According to U.S. law, life insurance companies have to cover suicide once you’ve had the policy for two years. (In at least one state, it’s one year.)
(And as a suicide prevention measure, “if you’re going to kill yourself, you should wait two years” might be more convincing to some depressed people than the usual “killing yourself is bad, we can help you” message.)
And as a suicide prevention measure, “if you’re going to kill yourself, you should wait two years” might be more convincing to some depressed people than the usual “killing yourself is bad, we can help you” message.
I’d believe that. I wonder if the general area of suicide influence has been studied much?
There’s a post on some econoblog somewhere about how suicide bombers could sign up for life insurance a year before they kill themselves so their organizations could take advantage. (I’m not interested enough to google it for you).
There’s a post on some econoblog somewhere about how suicide bombers could sign up for life insurance a year before they kill themselves so their organizations could take advantage.
It’s amusing enough to blog about despite being altogether unrealistic. The biggest difference you could expect that to make is giving the government a slightly larger pool of assets to seize (after the horse has bolted).
This doesn’t rule out the possibility of splitting your fanatics up into groups who suicide for cash and groups that blow stuff up. If there are enough people fully dedicated to the cause it could be a lucrative source of revenue.
What upsets me the most is that, as far as I can tell, he didn’t take out a life insurance policy before killing himself.
Suicide is covered? That’s surprising. It seems about the same as getting fire insurance and a can of diesel. Which just gets you arrested.
(It is probably a good thing that suicide is covered. It just eliminates the incentive to suicide in a plausibly accidental way. ‘Deliberate accidents’ are far more likely to hurt others unless they are really well planned.)
According to U.S. law, life insurance companies have to cover suicide once you’ve had the policy for two years. (In at least one state, it’s one year.)
(And as a suicide prevention measure, “if you’re going to kill yourself, you should wait two years” might be more convincing to some depressed people than the usual “killing yourself is bad, we can help you” message.)
There’s a post on some econoblog somewhere about how suicide bombers could sign up for life insurance a year before they kill themselves so their organizations could take advantage. (I’m not interested enough to google it for you).
It’s amusing enough to blog about despite being altogether unrealistic. The biggest difference you could expect that to make is giving the government a slightly larger pool of assets to seize (after the horse has bolted).
This doesn’t rule out the possibility of splitting your fanatics up into groups who suicide for cash and groups that blow stuff up. If there are enough people fully dedicated to the cause it could be a lucrative source of revenue.
My cryonics life insurance doesn’t pay out for suicides in the first year of cover.
Yes, you usually have to wait two years for suicide to be covered.