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Mother has life insurance on me

 
 
Reply Fri 26 Aug, 2011 12:36 pm
My mother has a life insurance policy on me, but she has burned a lot of bridges with me and my family. We do not have any contact. Is there a way I can go to an attorney and have her life insurance policy on me terminated?
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Type: Question • Score: 6 • Views: 2,018 • Replies: 7
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tsarstepan
 
  1  
Reply Fri 26 Aug, 2011 12:46 pm
@Peacenlove2689,
Anybody can get a life insurance policy on ANYBODY. Doesn't sound ethical or sound like it should be legal but there you go.

Companies can even have life insurance policies on their own employees. Very disturbing indeed. It's called dead peasant policy or something on that line.
http://abcnews.go.com/GMA/dead-peasant-life-insurance-policies-fair/story?id=8724327

As long as your mother pays her premiums then she'll be able to keep the policy active.
MontereyJack
 
  2  
Reply Fri 26 Aug, 2011 12:51 pm
Just don't stand behind her when she's backing up her car--it's all too easy to make it look like just an accident.
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roger
 
  1  
Reply Fri 26 Aug, 2011 12:59 pm
@tsarstepan,
I think they have to have an economic interest in you of some sort.
joefromchicago
 
  1  
Reply Fri 26 Aug, 2011 01:03 pm
@roger,
roger wrote:

I think they have to have an economic interest in you of some sort.

Indeed. It's called an "insurable interest." Parents are usually presumed to have an insurable interest in the lives of their children, although I'm not sure if that presumption holds for adult children.

In any event, peacenlove, there's not much a person can do to have a life insurance policy on his/her life cancelled. I suppose you could call the insurance company and tell them that there's something fishy going on here, but as long as your mom is paying the premiums and there's no evident fraud involved, I don't think it's possible to have a policy on your life cancelled if you're not the owner of that policy.
0 Replies
 
JTT
 
  1  
Reply Fri 26 Aug, 2011 01:17 pm
@Peacenlove2689,
Quote:
her life insurance policy on me terminated?


Just outlive her. That'll work.
0 Replies
 
PUNKEY
 
  1  
Reply Fri 26 Aug, 2011 05:24 pm
So - do you have plans in place should you die?

Who will pay for your funeral?

Who will take care of your child (I saw that in your other post you are a new
mother)

Be glad that someone has plans in place should you not be here.
Peacenlove2689
 
  1  
Reply Wed 31 Aug, 2011 01:39 pm
@PUNKEY,
To punkey, yes all those plans are taken care of. I would never let her take custody of my child anyways.
0 Replies
 
 

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