Is this harsh.....

Re:Is this harsh..... (S777)

Wed, 18 Nov 2009 12:52:36 GMT

^^ lol

Re:Is this harsh..... (Mobster)

Wed, 18 Nov 2009 12:14:18 GMT

Re:Is this harsh..... (Mobster)

Wed, 18 Nov 2009 12:12:41 GMT

S777

Basically, my mum has never had money to her name. Part of me thinks, if she did, she wouldve done the above suggestion herself, but as she has no kids she hasnt done.

But then part of me thinks it sounds like im wanting her to die to gain some cash, which isnt the case at all.

Its so hard to phrase without sounding wrong!!!

How did your mum have no kids? Was you adopted??

Re:Is this harsh..... (john_cappa)

Wed, 18 Nov 2009 10:31:04 GMT

S777

whats all these over 60 plans with no medical perwork i see on tv?

Not seen them to be honest.

Im sure the come with umteen terms and conditions.

Its a matter of risk for the insurer. you mother will be high risk therefore premiums would be high and pay out would be low

Re:Is this harsh..... (S777)

Wed, 18 Nov 2009 09:08:11 GMT

whats all these over 60 plans with no medical perwork i see on tv?

Re:Is this harsh..... (john_cappa)

Tue, 17 Nov 2009 17:07:58 GMT

S777

61, smokes and is very unhealthy , her flat is full of meds

If that is the case it is unlike you will be able to get cover for her that will pay out anything substancial if she is in poor health id say. She may even be refused cover.

Premium would also be high.

Re:Is this harsh..... (S777)

Tue, 17 Nov 2009 17:05:48 GMT

61, smokes and is very unhealthy , her flat is full of meds

Re:Is this harsh..... (john_cappa)

Tue, 17 Nov 2009 16:41:33 GMT

what age is she? and does she have any medial problems etc?

Re:Is this harsh..... (S777)

Tue, 17 Nov 2009 16:14:00 GMT

^^^ LMAO

well she wouldnt go mad like that, but that does sound how it feels in my head!

Re:Is this harsh..... (footdee)

Tue, 17 Nov 2009 15:57:17 GMT

Some kind of funeral plan maybe easier to discuss, but jings I suppose it all depends on how practical your Mum is?? She could be really offended. I can't imagine bringing this up with my Mum! Hey Mum I want you to take out a life insurance thing but don't worry I'll pay it, it's just so I can get a payout when you die?! My Mums reaction to that doesn't bare thinking about! I doubt she'd talk to me for years!

Re:Is this harsh..... (DieselD)

Tue, 17 Nov 2009 15:46:08 GMT

tac

Total Rebuild

tac

In the US its quite common for large corporate bodies to take out Life Insurance on their employees and name themselves as the beneficiary, so if the employee dies they get a big payout.

Some companies may give a share of this to the family, most dont.

Its known in the S insurance trade as 'Dead Peasants In surance'

Nice, huh?

And in the UK its called 'Key Man' insurance and is designed to cover the costs of locating and recruiting replacement key staff.

'Key Man' insurance is quite different, in that its designed to cover legitimate business costs incurred if senior staff are lost. DPI gets taken out on janitors, secretarial staff, filing clerks etc, and is usually waaaay in excess of any possible costs incurred in staff replacement ($1.5m to recruit a new janitor?...)

New Janitor = possibly costs $100 to recruit, the salary will probably stay the sameish, so therefore $1.49999m to hire a hitman...it works out.

Re:Is this harsh..... (makaveli1971 1996)

Tue, 17 Nov 2009 12:57:58 GMT

I read the majority of posts on page 1,and thought it had gone un noticed.

How the first few posters never noticed this.

Re:Is this harsh..... (Total Rebuild)

Tue, 17 Nov 2009 12:55:25 GMT

makaveli1971 1996

The first thing I would want clarification on is your "MUM" having no "KIDS"???

Epic Fail (to read thread)

Re:Is this harsh..... (makaveli1971 1996)

Tue, 17 Nov 2009 12:55:22 GMT

So whats the deal in all honesty you pay x amount per month.....

And get what amount if or when she dies?

Re:Is this harsh..... (makaveli1971 1996)

Tue, 17 Nov 2009 12:54:07 GMT

The first thing I would want clarification on is your "MUM" having no "KIDS"???

Re:Is this harsh..... (Total Rebuild)

Tue, 17 Nov 2009 12:51:57 GMT

Of course it is. The settlement would help pay for the funeral costs and the costs incurred in winding up her estate.

Funeral costs can be very high, even for just the most basic of service.

Re:Is this harsh..... (S777)

Tue, 17 Nov 2009 12:49:46 GMT

As JC said, it would be her doing it, just myself making the payments.

As for the quote "she has no kids" haha im sure i meant to put "cash" inplace of the "kids" part, tbh i rewrote it about 5 times to try and make it sound morally better than it was put originally.

So we agree it could be done, is it morally right though? I mean, as somebody said, its a "sure thing" which makes it sound almost like i would be betting on my mothers life!

And to everybody else, no im not planning on bloody killing her!!!

Re:Is this harsh..... (Total Rebuild)

Tue, 17 Nov 2009 11:12:45 GMT

john_cappa

Total Rebuild

YOU CAN NOT TAKE OUT A POLICY ON YOUR MOTHERS LIFE! THE ONLY WAY IT CAN BE DONE IS FOR HER TO TAKE OUT A POLICY AND NAME YOU AS THE BENEFICIARY.

Im pretty sure he understands this. He is talking about talking to her about doing it etc. So he is not doing it on the sly. so it will be in her name with him as the beneficiary

Thats ok then. I'll take a chill pill now.

Re:Is this harsh..... (john_cappa)

Tue, 17 Nov 2009 11:10:04 GMT

Total Rebuild

YOU CAN NOT TAKE OUT A POLICY ON YOUR MOTHERS LIFE! THE ONLY WAY IT CAN BE DONE IS FOR HER TO TAKE OUT A POLICY AND NAME YOU AS THE BENEFICIARY.

Im pretty sure he understands this. He is talking about talking to her about doing it etc. So he is not doing it on the sly. so it will be in her name with him as the beneficiary

Re:Is this harsh..... (Total Rebuild)

Tue, 17 Nov 2009 11:04:37 GMT

YOU CAN NOT TAKE OUT A POLICY ON YOUR MOTHERS LIFE! THE ONLY WAY IT CAN BE DONE IS FOR HER TO TAKE OUT A POLICY AND NAME YOU AS THE BENEFICIARY.