View Single Post
  #30  
Old 09-15-2006, 03:11 PM
Freakin Freakin is offline
Senior Member
 
Join Date: Sep 2004
Posts: 6,022
Default Re: question about death and money

All the other issues aside, I believe that your estate DOES keep it's debt. This is why credit card companies have riders you can get that will pay off balance or suspend payments if you are killed or disabled. It's not a given, it costs extra. And I doubt it pays if you commit suicide.

If you're an old person, it makes a lot of sense to get credit cards with this kind of rider and spoil the crap out of your grandchildren. Your credit is great, and they can't discriminate on the basis of age.

If this is your brilliant plan, why not just get a $5M term life insurance policy before you off yourself? You have just as good of a chance of seeing that money as you do of having your debt erased.
Reply With Quote