UP Life Insurance?

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UP Life Insurance?

Post by DoubleDipper on Wed Mar 21, 2012 11:41 am

Well, this is kind of creepy. Id watch out Geez, it could happen at UP!

The Oklahoma State athletic department took out $10 million life insurance policies on 27 elderly boosters in 2007.

Elderly enough in fact, that over two years, the university paid $33 million in premiums for those policies before canceling the insurance.

Not one of those dudes died! Im not sure the secret of their longevity, but each had to have been looking over their shoulder a lot during those two years,
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Re: UP Life Insurance?

Post by DaTruRochin on Wed Mar 21, 2012 12:23 pm

Hahahaha... Was T. Boone Pickens one of them?
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Re: UP Life Insurance?

Post by DoubleDipper on Wed Mar 21, 2012 12:51 pm

DaTruRochin wrote:Hahahaha... Was T. Boone Pickens one of them?
As it turns out, T. Boone was the one who sold the idea to the athletic department. He too is still alive!
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Re: UP Life Insurance?

Post by Geezaldinho on Wed Mar 21, 2012 1:07 pm

DoubleDipper wrote:Well, this is kind of creepy. Id watch out Geez, it could happen at UP!

Well, there have been intimations of a contract on me, does that count?

And for the record, my wife and a best friend once discussed taking out a policy that I wouldn't make it to 30.
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Re: UP Life Insurance?

Post by Rochin54 on Thu Mar 22, 2012 5:57 pm

Winning strategy for life insurance companies:

Only insure sons a bitches.....they never die.
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