Quote:
Originally Posted by habernac
If the choice is death or $250,000, I'd be looking to take out a second mortgage or something. What's a little debt if you can continue breathing?
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Banks tend to frown upon approving massive loans that may never be repaid due to expected and highly predictable mortality rates. Its even mentioned in the article, theres no guarantee that it'll work, its just the best, most likely option.
No one would insure a loan of that size to a terminally ill person either and if its a second mortgage or something they'll never recoup the loss.