Archive | November 5, 2017

Learn More About Life Insurance Fraud

Life insurance fraud refers to illegal acts committed by those buying or selling life insurance policies. In-vestopedia defines five different types of buyer life insurance fraud, from accidental suicides to falsifying medical records. Find out more and learn about two of the more famous cases of life insurance fraud.

Types of life insurance buyer fraud

Post-dated life insurance: a policy that is purchased after the death of the insured person but appears to have been issued before their death.

False medical history:Withholding information about existing medical conditions, whether or not you smoke etc constitutes one of the most common types of fraud. Coming clean with your provider might mean that your premiums are more expensive but this cannot outweigh the risk of reduced or rejected claims. It is not uncommon for unscrupulous doctors to falsify medical records on behalf of buyers.

Murder for proceeds: In this instance the insured person (spouse, business partner etc) is murdered for their life insurance cover or a policy is taken out in somebodys name without their knowledge and they are subsequently murdered for the life cover payout.

Lack of insurable interest: Insurable interest stipulates that in order to buy a life insurance policy in somebodys name you have to be able to prove that that persons death would cause you financial distress.

Suicidal accidents: This occurs when a person commits suicide but tries to make it look like an accident in order to ensure that their family can claim their life insurance cover.

Faking death or disability:It is not unheard of for someone to fake either death or disability to claim insur-ance payouts for themselves or their families. People have also created fake identities which have been killed or died with the family claiming life insurance payouts.

Famous cases of life insurance fraud
John Darwin, a British teacher and prison officer died in a canoeing accident in 2002 but was discovered alive and well and arrested five years later. His wife, who had claimed his life insurance payout, said he had been secretly living in their house and the house next door. Both were sentenced to over six years in prison.

In 2008 Helen Golay and Olga Rutterschmidt were convicted of the murders of two homeless men, Paul Vados in 1999 and Kenneth McDavid in 2005. Both murders were staged as hit and run accidents. Multimillion dollar life insurance policies had been taken out on the men by Golay and Rutterschmidt.

The Importance Of Keeping Accurate Notes In Science

Science is a progressive act. This means that progress in science is a tedious process that requires diligent efforts with respect to record keeping because in the case of every scientist, figuring out everything about a field of study, such as any given sub-niche of chemistry, is impossible, even in a lifetime. Record keeping is of utmost importance and accurate record keeping can and will make the difference between work that is successfully continued by a scientist’s successors and work that is not successfully continued.

In the field of science, all of us stand on the shoulders of giants. In other words, we all learn from our predecessors and build on what they have taught us. However, we are able to learn only from those who have successfully transcribed their knowledge in an accurate and concise fashion so as to facilitate the propagation of the knowledge to those who follow.

Accurate lab notes are a must. Accurate lab notes will have a variety of properties including but not limited to:

An accurate introductory description of the process or processes being studied. For the information following the introduction to be understood in it’s proper context, an accurate introductory description has to be described clearly. Why is this subject of interest? What is the current understanding of the subject and why does it need to be studied further? What questions need to be answered before true progress can be made? All of these question should be covered in the introduction.

Clear and concise methodology. The work that is performed or is to be performed must be clearly spelled out for those reading the notes to understand the important steps to be taken to repeat and confirm the results. Each step must be labeled in detail and must be done so in a way that can be repeated using the notes alone. This is important if results are to be duplicated.

Well documented and understandable results. The results that are discovered by the initial experimenter should also be spelled out in clear detail as they may differ from the results obtained by those following them and trying to repeat their work. If results differ, this should be clearly noted by the scientists attempting to repeat the work and differences in results should also be clearly noted.

Objective conclusions. Conclusions should be recorded and based on evidence and results obtained. If data or results have discrepancies, these should be noted and discussed in the conclusion.