sincerem
VIP Contributor
I'm a bit curious on this particular question, I need a honest and clear answer to it.
Since every one can enroll into insurance, picking any of the premium and being hopeful of the benefits at some point in life.
What if the person who enrolled into life insurance doesn't have children nor relation. Let's say he's an orphan and impotent as well, at the time of his death. Which occurred due to unplanned circumstances leading to his demise. And again, the next of kin died earlier before him, and he forgot to choose a replacement to the next of kin.
Who do you think will stand for him and claim the benefits of life insurance when he's no more?
Or you think the insurance company will just void it for their personal gain?
Since every one can enroll into insurance, picking any of the premium and being hopeful of the benefits at some point in life.
What if the person who enrolled into life insurance doesn't have children nor relation. Let's say he's an orphan and impotent as well, at the time of his death. Which occurred due to unplanned circumstances leading to his demise. And again, the next of kin died earlier before him, and he forgot to choose a replacement to the next of kin.
Who do you think will stand for him and claim the benefits of life insurance when he's no more?
Or you think the insurance company will just void it for their personal gain?