b9 wrote:
it is a blasted nuisance that the world ends this friday (of all fridays!!).
i had quite a few appointments on friday, and when i found out that the world ends on friday, i had to ring everyone to reschedule my appointments for saturday instead!
i am sure that the mayans were malicious clairvoyants , and designed their calendar with the ultimate aim of ruining next saturday for me! .
eric76 wrote:
I've thought about trying to start an insurance company that would sell alien abduction insurance.
i can not see how that would be viable, and i will detail why using the rest of your post.
eric76 wrote:
If you are abducted by aliens and it is adequately verified, then your heirs would receive the amounts specified in the policy.
why would a standard "will" be inadequate to ensure that the heirs of the person who has disappeared receive their inheritance?
if a person "disappears" and is not found after a reasonable amount of time, and if there are no transactions made in their name during that time, then they can be declared legally dead, and their estate can be distributed as per the directives within the will.
if people were locked into the burden of proving an "alien abduction" in order to receive their inheritance (due to your policy that would presumably override a will) , then i am not sure that your scheme sounds like a lucrative alternative to the standard practice of simply leaving a will.
Insurance policies and wills are entirely separate things. Insurance policies provide payments to the beneficiaries in the case of a loss under certain circumstances. It has nothing at all to do with distributing an estate.
For example, automobile insurance is used to cover the losses incurred as the result of an automobile accident. Health insurance is used to cover the losses incurred as the result of medical treatment. Life insurance provides a set amount of money to your beneficiaries after your death. None of these have anything to do with your estate.
If you had a $25,000 alien abduction insurance policy and you were abducted by aliens, then upon proof of that abduction the insurance company would pay you the $25,000 if you were returned or to your designated beneficiary if you were not returned. But note that as an alien abduction policy, it would not cover any other circumstance.
Do you not have insurance in Australia?