ST Alpha - "Hey Capstern, I could use some money. It's only be $100 a month for say, 6 months. I can you hook me up with that? Just cancel the life insurance" (Reading a Post)

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Hey Capstern, I could use some money. It's only be $100 a month for say, 6 months. I can you hook me up with that? Just cancel the life insurance

Posted by sycor Sep 13 '11, 09:36

and give it to me. Seriously, I'd like some money.

Responses:

Beryllium hit the nail on the head with "motive". Cancel the insurance. If something happens to her in the near after recently divorcing, guess - CrankYanker Sep 13, 09:45 6
- I never thought of that way. Just was thinking if she did something dumb my debt issues - Capstern (41 Days) Sep 13, 09:50 5
  - The insurance would never pay once you are divorced. - spamlet (iPhone) Sep 13, 09:59 2
    - Did not know that. -- nm - Capstern (41 Days) Sep 13, 10:00 1
      - Even if it did, it would go into her estate and go to her heirs. - spamlet (iPhone) Sep 13, 10:03
  - dude, I would be driving a Ferrari if I took over your finances for a year. nm -- nm - groiny Sep 13, 09:56 1
    - So not true, if it were I would have my R8. But its moving the right direction -- nm - Capstern (41 Days) Sep 13, 10:01
Well what are you offering in exchange :) - Capstern (41 Days) Sep 13, 09:41 11
- I'd keep yours. If you try to get that much again you will end up paying more. And hopefully you will find someone eventually to be your beneficiary. - sycor Sep 13, 09:51 10
  - That is true. I got it like 8 years ago and I should never need a phsyical again unless I try to change it. - Capstern (41 Days) Sep 13, 09:53 9
    - your work coverage is likely subsidized. I'd keep that as well. how much can it cost; $6 per month? -- nm - HPV McGee Sep 13, 09:55 5
      - It is subsidized but I think my extra 750K at work is like 66 a month or something like that - have to look but I know its more than 60 -- nm - Capstern (41 Days) Sep 13, 09:55 4
        
        you can probably reduce the amount of coverage you need without cancelling it altogether to save some money. -- nm - znufrii Sep 13, 09:56 1
        
        Well with what I am reading no reason to NOT cancel the work insurance but keep the cheaper private insurance -- nm - Capstern (41 Days) Sep 13, 10:06
        
        my mind just exploded. who would elect that kind of coverage? -- nm - HPV McGee Sep 13, 09:56 1
        
        At the time, I was married and I wanted to carry as close to 2M as I could. If I died there was no way she - Capstern (41 Days) Sep 13, 10:02
    - Just make ST your beneficiary in the meantime :) -- nm - znufrii Sep 13, 09:54 2
      - I had thought about leaving it to a friend I trust as executor of my estate to help my mom and my daughter and then give to charity - Capstern (41 Days) Sep 13, 09:56 1
        
        you don't leave it *to* your friend, you leave it to the people you want to have it. give it to your mother. -- nm - Andie Sep 13, 09:58
and if it makes you feel better, I haven't had a week off from both jobs in about 8 years. I'd really like a vacation and money would help with that. - sycor Sep 13, 09:40

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Hey Capstern, I could use some money. It's only be $100 a month for say, 6 months. I can you hook me up with that? Just cancel the life insurance

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