If you died - Page 4

TheMercenary · 04-28-2011, 07:33 PM

Maybe we should start a pool.

Each person takes out a nominal life insurance policy on another person.

100k ea. Should be cheap. We pool the people who get the pay off. Every time one of us kicks it we all get a bit of cash.

Clodfobble · 04-28-2011, 10:35 PM

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...

TheMercenary · 04-28-2011, 10:40 PM

There has to be a way around that. It should not be to hard to show that I have an insurable interest in other Cellar Dwellars if we set up a Corp or LLC.

kerosene · 04-29-2011, 09:25 AM

But then wouldn't you have to pay us all a salary? That wouldn't be so bad.

04-28-2011, 07:33 PM	#1
TheMercenary “Hypocrisy: prejudice with a halo” Join Date: Mar 2007 Location: Savannah, Georgia Posts: 21,393	Maybe we should start a pool. Each person takes out a nominal life insurance policy on another person. 100k ea. Should be cheap. We pool the people who get the pay off. Every time one of us kicks it we all get a bit of cash. __________________ Anyone but the this most fuked up President in History in 2012!

04-28-2011, 10:35 PM	#2
Clodfobble UNDER CONDITIONAL MITIGATION Join Date: Mar 2004 Location: Austin, TX Posts: 20,012	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... __________________ My book My other book My spirit animal

04-28-2011, 10:40 PM	#3
TheMercenary “Hypocrisy: prejudice with a halo” Join Date: Mar 2007 Location: Savannah, Georgia Posts: 21,393	There has to be a way around that. It should not be to hard to show that I have an insurable interest in other Cellar Dwellars if we set up a Corp or LLC. __________________ Anyone but the this most fuked up President in History in 2012!

04-29-2011, 09:25 AM	#4
kerosene Touring the facilities Join Date: Nov 2002 Location: The plains of Colorado Posts: 3,476	But then wouldn't you have to pay us all a salary? That wouldn't be so bad.

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