@ 10% interest and a total premium payment of $240MIL over 15 years might get you to $350MIL less any obvious death payments for life? Very questionable. When you have as much money as T. Boone Pickens why not keep paying the premium or buy term insurance and invest the difference, in the name of the University and get the tax deduction? It would be interesting to see the policy or what was used to bind coverage and then what was issued two years later.
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And we thought Walmart was bad with their dead peasant policies. Whatever happened to ‘insurable interest’?
@ 10% interest and a total premium payment of $240MIL over 15 years might get you to $350MIL less any obvious death payments for life? Very questionable. When you have as much money as T. Boone Pickens why not keep paying the premium or buy term insurance and invest the difference, in the name of the University and get the tax deduction? It would be interesting to see the policy or what was used to bind coverage and then what was issued two years later.