The Life Insurance Scheme

[ed]

Here's the idea.

You form a company ... "FuturePerfect LLC"

And what you do is make it a charity, a 401c thing.

You then advertise in AARP and other fogey outlets with something like this

BE IMMORTAL
Let your demise make for a better life for others!!!!

The idea is that these fogies (screened for age and sickness) sign off on term life insurance whose payout goes to one or more of a selected number of charities. FuturePerfect LLC pays the premiums.

I take a 15% administrative fee.

I need a few partners to fund it.

It is consistent with my Injun Spirit Animal Ethos: ie. Slothlike.

I used to come up with swell ideas like this and share with my company lawyer. He would often respond "wear stripes"

[Grammatron]

Any scam like that needs to have a religious component (cover) to give government pause in going after you.

[ed]

When you go to your reward, reward others

[ed]

I see multiple threads ... here's one

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[Nyarlathotep]

As a licensed insurance professional (seriously I am, just not working as one because I suck at sales) I am not sure you can do it as described. Not exactly

You can name anyone you want as a beneficiary, but the charity can’t take out a life insurance policy on you because they don’t have an insurable interest. So you couldn’t do it directly, at best you could offer services to help someone leave their insurance payout to the charity

[ed]

Can't leave members of the tribe out

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[ed]

As a licensed insurance professional (seriously I am, just not working as one because I suck at sales) I am not sure you can do it as described. Not exactly

You can name anyone you want as a beneficiary, but the charity can’t take out a life insurance policy on you because they don’t have an insurable interest. So you couldn’t do it directly, at best you could offer services to help someone leave their insurance payout to the charity

Recruitment is a key part of it. "Part of you CAN live forever"

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And

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We're cookin' now.

[ed]

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[ed]

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Too soon?

[Witness]

You can arrange for the WWF to inherit your assets. (Within legal bounds, of course.) They advertise for that from time to time.

And donate your corpse to the biosphere.

[ed]

NRA does too. Thing is that I make zero, zilch, nada, 0 from those scams hence MY scam.

[ed]

We need a staff doctor to evaluate the participants. Unlike most such evaluations we want to identify those with the least likelihood of survival.

We will incent our Doc. Like an over under thing.

This has legs. Maybe more functional legs than our participants.

[Witness]

Visit lake ed. Leave your wallet here and now go pet the gator/python/swamp ape/trilobite.

How are your crawdads, BTW?

[ed]

We are on a roll here, don't divert my attention.

[ed]

How are you feeling, BTW?

[ed]

Oh, no reason....

[Nyarlathotep]

Also, a 15% commission is incredibly generous. As competitive as the insurance market is, gonna be hard to sell policies with that kind of margin

[ed]

Also, a 15% commission is incredibly generous. As competitive as the insurance market is, gonna be hard to sell policies with that kind of margin

They won't be around to see it. And we are paying the premium.

[Nyarlathotep]

Also, a 15% commission is incredibly generous. As competitive as the insurance market is, gonna be hard to sell policies with that kind of margin

They won't be around to see it. And we are paying the premium.

Which is the problem. No insurable interest, this we can’t take out the policy.

[ed]

Also, a 15% commission is incredibly generous. As competitive as the insurance market is, gonna be hard to sell policies with that kind of margin

They won't be around to see it. And we are paying the premium.

Which is the problem. No insurable interest, this we can’t take out the policy.

They take the policy out, not us.