would you feel comfortable with someone having a million dollare life insurance policy on you?
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Crazy but true: After 9/11, several surviving spouses and families wound up losing everything, because those killed had little or no beneficiary policy. It was also a wake-up call, if you will, for more people to take out a policy in the event of sudden demise. The insurance companies' businesses began to boom, from more customers. Spouses, children, siblings...even parents were named as beneficiaries!
It's not like a stranger or cousin can't just take out a policy on your life. You have to sign off on it. If you are worried about your spouse killing you, I don't know how you could sleep in the same bed.
edited to add: If we didn't already have survivor benefit on our pensions (retired), we would have $1mil on each other to make up for the loss of pension income.
That means if you would die the person holding the policy would be a millionaire. The first answer will be it depends on who is holding the policy. Wife? Don't bet on it. Its way too tempting. I could just see the cat and mouse games starting once the policy is signed. It would make me nervous to say the least. Of course there is love that transcends all that money stuff. Right? But then love can change suddenly for sometimes unknown reasons(and sometimes known reasons).
Only if I had one on them.
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