If every black person in America had a life insurance policy

[UWasntThere]

If the police kill someone and say that the person was committing a crime , would that void the insurance policy?


Seems like the insurance company would agree with the police so they wouldn't have to pay out.

Granted that this was a long time ago, but Malcom Xs dad got murdered and the insurance company refused to pay out claiming it was a suicide.

 

[Peruvian Connect]

It wouldn't change shiit. Premiums would go up, thats about it.

 

[Seoul Gleou]

Yeah that's a good question. I don't know if a rejection could be appealed if it was later determined that no crime had been committed. I suspect there's some kind of statute of limitations on it, but I don't know. I'm in the industry but not specifically in that area.

this ought to be more than a thought experiment.

what if there was a fund in each state to cover as many black people as possible under life insurance policies? i think this was a huge economic boom for black communities in Alabama in the early to mid 1900s. tons of black insurers protected people from bombings, lynchings, murders, etc.

where are the black owned insurance companies?

 

[Seoul Gleou]

It wouldn't change shiit. Premiums would go up, thats about it.

why would premiums go up

 

[Peruvian Connect]

why would premiums go up

If they have to payout a lot ya premiums are going up. Higher risk people will have to pay higgher premiums just like now. Insurance people gonna eat regardless.

 

[Seoul Gleou]

If they have to payout a lot ya premiums are going up. Higher risk people will have to pay higgher premiums just like now. Insurance people gonna eat regardless.

very possible premiums go up. but at a certain point, when at least 25% of black people have policies and claims are starting to pile up and pay out.... politicians gon get that call

 

[Neo TheInsurrectionistONE]

I like the thinking. But it would only further endanger black people.

Some people would set up family members to get got by making anonymous accusatory tips to law enforcement.

Look how these savage devils think so lowly of us.

 

[Lv99 Slacker]

I thought this thread was going to be about how much better off we would generally be, financially, if our parents left us something after their passing or if we left something behind for those closest to us. For this reason I have life insurance. I was able to get my place, because I was the sole beneficiary of my mother's policy when she passed. If you can do it, I say get a policy for yourself.

 

[Seoul Gleou]

I thought this thread was going to be about how much better off we would generally be, financially, if our parents left us something after their passing or if we left something behind for those closest to us. For this reason I have life insurance. I was able to get my place, because I was the sole beneficiary of my mother's policy when she passed. If you can do it, I say get a policy for yourself.

that's a benefit as well for sure. most americans have terrible financial literacy and financial institutions love that.

 

[get these nets]

...how would that change how police, doctors, lawyers, etc treat black deaths/injuries?

would black people still be killed overwhelmingly more by police? and how would insurance companies feel about the payouts to families?

More relevant to the last part of your post is the ongoing push to have officers be personally liable for civil trial judgments.


Proposed bill wants cops to have PERSONAL liability insurance for civil lawsuits

 

[alpo]

I thought this thread was going to be about how much better off we would generally be, financially, if our parents left us something after their passing or if we left something behind for those closest to us. For this reason I have life insurance. I was able to get my place, because I was the sole beneficiary of my mother's policy when she passed. If you can do it, I say get a policy for yourself.

Yeah then this cac @Thebadguy wanna bring up criminals

 

[CreepyMcCreeperson]

When my grandmother died, my mother got a policy for my sister and I. I also talked my dad into getting one.



Can I take a policy out for them too?

 

[King Poetic]

I thought this thread was going to be about how much better off we would generally be, financially, if our parents left us something after their passing or if we left something behind for those closest to us. For this reason I have life insurance. I was able to get my place, because I was the sole beneficiary of my mother's policy when she passed. If you can do it, I say get a policy for yourself.

bingo

my dad left me a life insurance policy, his bank savings & his car that was paid off and had no bills left behind and man it was a blessing

and I’m working with my mom now on one

and I have one set up for my woman

all black people need to leave a life insurance for their children and families to make life a little more comfortable

if nikkas can go out and spend hundreds dollars a month on bullshyt, you can easily pay 20 to 50 bucks a month on life insurance