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I just talked to a guy who wanted to take out a life insurance policy on his mother. He had let her previous policy lapse, but now she is 87, in a nursing home, has alzheimers, and doesn't have much time left. So, he reckens it's time to get that policy set up again.
Tell him you will insure her for $10,000 but only if he pays the premium, $15,000, up front.
Why and how could he let her policy lapse. You can't fix stupid. Actually, this guy may go for it.