9-11.....Did you know that most of the people?

Question

THAT DIED FROM THE TERRORIST ATTACKS DIDN'T GET COVERED BY THEIR LIFE INSURANCE COMPANY?

RELAX!!!!!
I asked this question the wrong way!!
It does sound like I'm making a statement...
but I wanted to know if it was true
...You all down there are ridiculously up- tight!!!!
I hope my question didn't knot up your stomachs with rage, but then again, I'm glad it did...Go ahead stress yourself out :)

Answer 1

Did you know that I'm sick of daily doses of 9/11?

Answer 2

Most Life Insurance policies contain a clause that in essence states that the death benefit will not be paid if death is due to an "Act of War."

After the 9/11 attacks, the insurance companies had to determine if they would pay the claim on insured individuals who died or invoke the War clause. Each company had to decide for themselves.

In my opinion, the Insurance Company would face a mountain of bad press if it chose to invoke that clause and not pay a claim.

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Answer 3

Did you know that you are perpetuating a false rumor?

The TRUTH: the insurance industry made a deliberate decision to pay benefit claims to the family of 9-11 victims who had in force life insurance policies. Not doing so would have been bad for business. It would have created "bad publicity" and shed public doubt on the insurance industry in the U.S.

In FACT, once the Federal special master made a determination of what a victim's family was entitled to from the "Victims Compensation Fund", a [deduction] was made which equaled what [private insurance had paid out].

As an example:
http://query.nytimes.com/gst/fullpage.html?res=9504E3D91F3AF93BA25751C0A9659C8B63&sec=&spon=&pagewanted=print

By the way -- why did you type in caps. Who are you yelling at?

Answer 4

Bull.

Although I would believe that most of the people didn't HAVE life insurance. About 70% of people do NOT have any type of life insurance in force at the time of death.

However, the workers comp payments that went out to the surviving spouses and children were in the millions. Between charity and insurance benefits, EACH DEAD AMERICAN averaged just under $2,000,000 paid to their families.

So your point is???

Answer 5

We just had a similar question to this:
http://answers.yahoo.com/question/index;_ylt=AmqVb8sV2aBHELvpuSLSAMXty6IX;_ylv=3?qid=20071108201419AAyZR0y&show=7#profile-info-JjlODQr5aa
Long story short, no one really knows. It's pure speculation, but I have had some companies tell me that they paid out claims related to this tragedy.

Answer 6

False, false, false. Back up your "facts" with evidence.