Death Wish: A 5 Step Guide to Getting a Life Insurance Policy on Others

Viewed from the right angle, a life insurance policy is a pretty sweet investment. Think about it: life insurance pays out when a person dies, and that’s something that virtually every known human has done. First, you pick a hard-partying celebrity, someone off the street or possibly even an insufferable co-worker for a double bonus. Visit the new AAMI site and find out what kind of insurance policies they’re offering that would suit you & your family.

Then just pay the premiums every month and either wait for the inevitable or give fate a nudge and boom, instant jackpot. It’s like playing a slot machine that’s guaranteed to pay out after a while. All kidding aside, it’s a great way to make sure that you have your family covered in case one spouse isn’t too keen on the concept of life insurance.

Fortunately, not many people have figured this out yet, otherwise there would probably be a policy on you. It’s a somewhat tricky process, but the dividends could be well worth it with a policy of a high enough cash value. It’s also highly illegal, but the type of person to enact a plan such as this surely will not let that minor detail give them pause. In any event, there are just 5 main steps to collecting your treacherous treasure.

Step 1: Fill Out Application

Gather all the person’s vital information such as their full name, address and other identifiers. Use them to fill out the application form carefully and completely. Be sure to do thorough research into the person’s life and lifestyle and be truthful and accurate about all your responses, as the only thing that can usually invalidate an insurance policy after it has been established is misreporting on the application. You don’t want to be dishonest, now do you?

Step 2: Obtain Signature

A life insurance policy on a third party must be signed and acknowledged by the person to be insured unless the person is a minor under the age of 15, which makes it somewhat difficult to keep it a secret…if you tell them it’s a life insurance policy. All you need is a signature, the context thereof is not as important. There are two ways to do this. The first is to appeal to their vanity by asking for an impromptu autograph from the person and then carefully trace the signature onto the documents to be signed. This is technically forgery, but is no more illegal than any other part of the plan. When all the required documents are signed, submit the application.

Step 3: Prove Insurable Interest

Life insurance is intended to protect those people dependent on a person’s continued existence from the fallout of his demise. Therefore, you must prove that your financial well-being will be unduly impacted if the person was to die unexpectedly. Use your newly honed skills at forgery to generate bogus documentation demonstrating your true, valid, determinable, and direct economic stake in the continued existence or safety of the insured person, such as a shared business venture or debt.

[Read more...]

Five Simple Steps to Succeed as a Landlord in 2014


Welcome to the world of being a landlord! This is a job that comes with many perks but also carries many responsibilities. If you’re a first time landlord then you may not know exactly what’s expected from you, these five simple steps will help to guide you along the way to being a good landlord.

It doesn’t matter if you’re renting out a domestic or commercial property, these tips apply equally to both. Don’t be put off by this list, being a landlord can be one of the most rewarding jobs out there.

#1 Give Your Tenants the Rules

 Without rules, chaos ensues. If your tenants don’t know the rules of your property then how can they follow them? It’s elementary, but many landlords fail to provide their tenants with basic ground rules and are then surprised when they find out that they’ve redecorated, put up shelves or even knocked walls through! Come up with a simple list of things they can and cannot do and make sure they read and sign it – this can save both parties a lot of trouble in the future.


#2 Maintain Your Property

If something breaks, fix it as quickly as possible. Your tenants are paying good money to be living in a building that gets maintained for them, they aren’t going to be happy if things start falling down around them. Dragging your heels when problems do arise will have you branded as being cheap and lazy – not character traits you want associated with you.

#3 Ensure Rent Covers the Mortgage

The easiest way to not be seen as cheap is to have the money available to fix issues. Talk to commercial mortgage brokers and find the best possible rate for you, giving you low rates that allow you to easily cover the cost of the mortgage and have some extra money aside for emergencies. Not doing this is the fastest way to fail, as you may see your funds being slowly drained instead of building up a handsome profit.

[Read more...]