DerbyDad03 wrote:
On Tuesday, April 21, 2015 at 12:26:57 PM UTC-4, dadiOH wrote:
krw wrote:
On Mon, 20 Apr 2015 12:48:37 -0700 (PDT), DerbyDad03
wrote:

Sometimes life insurance policies can "pay off" twice. Once when
the
owner sells it, then again when the insured passes away.

No, once you sell an insurance policy it's no longer in force.

Incorrect.

Worse, the life payout is reduced by the value of the policy.

?? When the insured dies the owner of the policy receives the full
amount
of the policy's death benefit.

Let's be clear here.

When the insured dies the *beneficiary* (or beneficiaries) of the
policy receives the full amount of the policy's death benefit.

Yes, of course. My fingers and brain were disconnected.