Uh...$50k?? Yeah, I don't know anyone with an amount that small. That
woukdnt even pay off the average person's house, much less provide for
someone's needs. Most people I know have at least $500k. Usually around
@sammygDid you read the story? All judges have ruled
against exactly what you say will legally happen.
@hockeymom And why would the DN's reporting how he is going to spend the
money any of our business? What good would that do? It would only turn out to be
something that everyone would be judgmental about. It's none of our
@ Ted's HeadWeeeeell if you are in the military typically 400k
since that is the max offered for a reasonable rate.
I don't see why either side should be rewarded. There isn't a body or
evidence of a death. It should be null and void until the Powells show where
they placed the body.With that said. The court system should be
scolded for taking the boy's away from the Cox family and allowing Josh to
have access to them. Everyone could see that train wreck miles away. How sad.If the boy's were alive, then I could see pushing to get the money
to care for the boy's. Ensuring that the Powells do not see a penny from
I'm shocked that murder suicide carried out by the one who bought the
policies is not a legitimate loop hole for an insurance company to get out of
paying any funds to family left behind. Someone please tell me no monies were
awarded on Josh Powell, just Susan and the kids, right?It will be
interesting to see what Chuck Cox does with the money. Will he pay off his
expenses for having to carry on his search for Susan and fight the legal
battles? Share with family left behind or take a much deserved vacation? Set
up a memorial for Susan? I hope DN gets an interview with Mr. Cox and reports
He changed the POD just before he killed the boys and himself. I don't know
how the insurance should have to pay out anything at all to anyone. You do need a policy for a care taking spouse. You need to hire a nanny or get
daycare. A non working spouse may not get death benefits if they have been out
of the workforce for some years. And you should think about college for
children. There may be only one providing through the college years. That is a
lot to take on with the rest of the bills.
Same question. For a family who I understand was not in great
financial health, why would they buy $3,000,000 or more in life insurance on the
lower earning spouse? I dont care what "leverage" can be exercized
against it, that seems like poor decision for the average person. I
still feel so bad for the boys.
Ted's HeadThe answer is... not enough. Sadly, many
people do not understand what insurance can be leveraged for and make poor
decisions about it.
Teds head.The average is probably about 50,000.
So, $3 million in Insurance policies? Just a bit more than I have. Anyone know
what the average American has in the form of Life Insurance?
franc, It doesn't go away because it is not a story. It is real life that
is still going on and on. You could just stop reading about it if you are bored
with it or tired of it. I just wish they had that option. I bet they wish it was
something they weren't dealing with.... still. Such a very sad family
situation to live in. I hope they can find peace and comfortable.
I think it's sad that the family has to continue to go through all this ...
but why must we? Ugh. I wish this story would go away.
SalThe law is quite clear when it comes to life insurance contracts.
Regardless of your opinion or any others on the matter, the
contractual obligations of the insurance company will award the Powell's
their portion of the death benefits.We can at least agree that they
did suffer the loss of two innocent grandchildren.
The Powells should not get anything.
Who cares what the judge said. He ruled in Charles Cox' favor. Period. Good
for Mr. Cox. I hope he and his wife is able to get every last cent from anything
having to do with with the Powell family.