A friend just told me that her and her sisters had their elderly mother open a life insurance policy on herself as long as they were the ones paying the premiums. Was I wrong to act in disgust?
by 
R U Sirius
ANSWERS: 2
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No, perhaps they were thinking ahead to cover the mother's final expenses. Funerals aren't cheap, you know. Neither is probate nor other activities in tying up an estate. There's a fine line between purchasing insurance to not suffer financially from the death of a loved one, and to reap large monetary rewards from the same event. If they have crossed over into the latter territory, then shame on them. However, it is mitigated slightly by the fact that they are paying the premiums and not the mother. No one can force another to take out a policy, so the mother must be agreeing with it as well.
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its quite common a lot of people do it
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