MacFall
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- Nov 24, 2007
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If life insurance became indemnity insurance then the insurance companies could have subrogation rights - which would mean that if you did collect life insurance and then received an award for the wrongful death claim, you would have to pay the insurance company back with some of the award or settlement from the lawsuit.
I would never subscribe to a company with that policy. So the problem is that there are not enough options among firms from which I can choose - and that is because the state has cartelized the insurance market to the point where few existing companies have any incentive to give more than the bare minimum service to their customers.
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