Some People do the Craziest Things for Life Insurance Money

There are some crazy things people will do when they're trying to get their hands on a little money that they shouldn't.

It seems when people are desperate or think they can get away with murder literally, that the worst comes out in mankind.

These are just a few examples of individuals who tried to obtain some money through life insurance policies when all was not on the up-and-up.

First example is the case of a man who was shot in the head. After an investigation ensued, authorities determined that the man had staged a suicide to make it look like a robbery and homicide.

The dead man had purchased a life insurance policy six months prior to the actual crime. Knowing that a suicide clause would prevent the payment of the death benefit for the first two years of the policy, he made it look like he was gunned down in a park. The man emptied his wallet and placed it next to him. Police would soon determine that the man in fact pulled the trigger.....case closed.

In another case, two elderly women gave shelter to a homeless man in exchange for opening a $500,000 life insurance policy. The man would later be run down by a car in an alley hit-and-run, but police were not buying it.

Despite their suspicion, police were not able to put two and two together until years later when the two women were involved in a similar incident. Soon after, authorities were able to compile enough evidence to put the pair behind bars.

Elsewhere, two New York men were tried for murder when it was discovered a plot was ongoing to kill individuals who knowingly had insurance policies taken out on them by a former insurance agent.

It was MetLife that would discover nearly two-dozen policies had been filed, all by the same individual, and within a few years of each other. Authorities determined that the rate of filings was more than 300 percent higher than expected.

The bottom line is that it is hard to have a life insurance policy taken out on your life without your knowledge.

Since insurers require a medical exam more times than not (with urine and blood tests), forgery of names on policies rarely works because the insured needs to agree to an exam.

As you can see, these are but a few of the schemes that have been drawn up over the years in order to cash in a life insurance policy.

Don't try it....the odds are against you.