Life insurance proceeds after the rapture

[child of the King]

Since life insurance proceeds are collected when a death certificate is produced and a death certificate is given when a body is certified deceased, how will life insurance proceeds be awarded when our bodies are going to disappear? In some ways, I have thought this may be one of God's little jokes. Any thoughts? :idunno

[jds6958]

Since life insurance proceeds are collected when a death certificate is produced and a death certificate is given when a body is certified deceased, how will life insurance proceeds be awarded when our bodies are going to disappear? In some ways, I have thought this may be one of God's little jokes. Any thoughts? :idunno

Most insurance companies would define you as missing. I believe it takes five years of "missing" to declare you dead. Insurance companies would not be able to payout anyways.

[Seemomgonuts]

Most insurance companies would define you as missing. I believe it takes five years of "missing" to declare you dead. Insurance companies would not be able to payout anyways.

From what I have heard, the number is actually 7 years. :whistle

[Hootmon]

Any thoughts?With that many 'missing', it would probably soon exceed what the Insurance companies would be able to pay.

[Hootmon]

NATURE OF THE PRESUMPTION OF DEATH

There have been many philosophical discussions among scholars as to the nature of the presumption of death from unexplained absence.15 The basic question is whether presumption rises to the dignity of evidence or disappears completely from the case when evidence of some good reason for the disappearance of the insured is produced.16 The usual net effect of the presumption is to place upon the insurer the burden of going forward with testimony to overcome the presumption.

Courts seldom accord conclusive effect to the presumption of death. As one court has written: The difference between proving a person dead who has been missing less than 7 years rather than more than 7 years lies in the degree of proof required to establish the death. In the latter case there is a presumption of death which shifts the burden of proof to the party claiming life, though even here the presumption has to be applied with care.17

Only one case was found in which the presumption of death was applied conclusively to determine the question of death, in the face of substantial evidence casting serious doubt on the insured's death.18

The following can be used as rebuttal to the presumption of death from absence: (a) proof that the missing person is a fugitive from justice; (b) proof that the missing person had unhappy domestic relations; (c) proof that the insured was suffering economic difficulty; and (d) proof that the missing person had no local attachment or little regard for family ties.

http://findarticles.com/p/articles/mi_qa4023/is_200401/ai_n9391589/pg_2

[jds6958]

From what I have heard, the number is actually 7 years. :whistle

You are right it seems. 7 years...that time frame sounds familiar doesn't it?...maybe it is a hidden built in rapture clause...LOL

[Brick]

With that many 'missing', it would probably soon exceed what the Insurance companies would be able to pay.

Ideally an insurance company has enough funds on hand to pay every claim it has. At least they're supposed to. I know that the one I work for does, but it's one of the few remaining companies that specialize in Life Insurance.

[jds6958]

Ideally an insurance company has enough funds on hand to pay every claim it has. At least they're supposed to. I know that the one I work for does, but it's one of the few remaining companies that specialize in Life Insurance.

I thought it was based on certain risk probability thresholds defined and monitored by the state? I might be wrong but that just sounds so familiar.

[Brick]

I thought it was based on certain risk probability thresholds defined and monitored by the state? I might be wrong but that just sounds so familiar.

That may be the general rule. I work for one of the few mutual Life Insurance Companies left and at one time I asked those above me how things worked. They told me that when it was all said and done they could pay out on every policy we had and still have a little left over. In the end I'm just an IT guy and don't know the details of how Insurance works, but I did ask that one question.

I guess in the end there are some companies you wanna keep and others you don't. ACHK. I sound like a commercial.

[Janh7]

From what I have heard, the number is actually 7 years. :whistle

Yes, it is 7 years. Isn't that hilarious.:pound

If we are raptured at the beginning of the Trib as I believe we will be then 7 years from then we return....on white horses with the King.