I just read an article in the Washington Post that says a toddler died and the parents had over $500,000 of life insurance on the child.
How is it possible that several life insurance companies issued policies totaling over $500,000 on such a young child?
Although child life insurance plans provide some benefits for the family, including being used as a form of savings for the future, and providing death benefits for final expenses, it just seems $500,000 is way more than anyone could need in this situation.
Here's an excerpt from the article in the Washington Post:
AMONG THE haunting questions that need to be answered about the death of Prince McLeod Rams is one recently posed in a letter to this page. “What about the insurance companies,” Linda Cole wanted to know of the three firms that wrote policies totaling more than $500,000 on the life of the 15-month-old allegedly drowned by his father. Law enforcement authorities characterized the death as a premeditated scheme to collect money. “Why . . . issue a policy so large that it may have created a potential motive for his slaying?” asked Ms. Cole. Read the entire article here.
What are your thoughts on this terrible tragedy?
Would you insure the life of your child?
How is it possible that several life insurance companies issued policies totaling over $500,000 on such a young child?
Although child life insurance plans provide some benefits for the family, including being used as a form of savings for the future, and providing death benefits for final expenses, it just seems $500,000 is way more than anyone could need in this situation.
Here's an excerpt from the article in the Washington Post:
AMONG THE haunting questions that need to be answered about the death of Prince McLeod Rams is one recently posed in a letter to this page. “What about the insurance companies,” Linda Cole wanted to know of the three firms that wrote policies totaling more than $500,000 on the life of the 15-month-old allegedly drowned by his father. Law enforcement authorities characterized the death as a premeditated scheme to collect money. “Why . . . issue a policy so large that it may have created a potential motive for his slaying?” asked Ms. Cole. Read the entire article here.
What are your thoughts on this terrible tragedy?
Would you insure the life of your child?
RSS Feed
