Agent realized payout if the guy died would be much higher than the current cash value and decided to cut his potential losses.
Never been different. My dad paid a nickel a week on a policy for decades from 1935. Mom received a really nice surprise from the payout. Had he cashed it in early, result would have been peanuts.
Old joke that I believe I first saw in BC some 50 years ago: Agent: Life insurance is a bet by the company that you’ll live to a ripe old age. Client: What happens if I die young? Agent: You win!
donnieitaly2 over 3 years ago
Huh?
DaveG1960 over 3 years ago
Has to get the money either by cashing in…..or dying…..
Troglodyte over 3 years ago
That’s the fastest I’ve ever seen a “claim” processed!
sandpiper over 3 years ago
Agent realized payout if the guy died would be much higher than the current cash value and decided to cut his potential losses.
Never been different. My dad paid a nickel a week on a policy for decades from 1935. Mom received a really nice surprise from the payout. Had he cashed it in early, result would have been peanuts.
bryan42 over 3 years ago
Old joke that I believe I first saw in BC some 50 years ago: Agent: Life insurance is a bet by the company that you’ll live to a ripe old age. Client: What happens if I die young? Agent: You win!
brklnbern over 3 years ago
Yes they don’t want that, an early payout.
Craig Westlake over 3 years ago
Insurance is an odd game; to win you have to lose…
heathcliff2 over 3 years ago
Probably saved the company some money.