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Post by jaitley143 on Nov 3, 2011 9:24:58 GMT -5
Life insurance fraud can involve some fairly elaborate schemes. People have faked death so that family members can claim policies. Others create a false identity that they can then “kill” for the money. As unsavory as these crimes are, they are at least not physically harming an actual person.
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Post by mortgages143 on Nov 3, 2011 9:34:10 GMT -5
One reason some companies purchase corporate owned life insurance is to defray potential costs of losing a high-ranking employee in a company. Loss of partners or those who own a share in the business can cost money and result in unexpected expenses. When a company uses corporate owned life insurance, they may do so in order to recoup these expense if an employee dies.
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