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Insurance vs Ledger

Sep. 30, 2008by: James Thoo

The insurance company that held a $10 million life insurance policy on late actor Heath Ledger has not yet paid out because the company believes the his death was "suspicious" and warrants further investigation. If the company deems his death a suicide, the policy will be invalid and his daughter will get nothing. Among other things, the company intends to depose Mary Kate Olsen and several of Ledger's friends and doctors. Insurance specialist lawyer William Shernoff said:

"ReliaStar want to investigate the possibility of suicide, and we think that is inappropriate because the coroner's report and all the official reports say it was accidental"

"It is distressing for everybody. The insurance company wants to spend months, if not years, investigating this so they can hold on to their money."


So basically little Matilda not only gets to grow up without her father, but she'll also have the joy of being dicked around by an insurance company and possibly not seeing the $10 million dollars she is rightfully owed. Many in the profession are calling the whole thing 'the gift that keeps on giving'. Way to go guys. We tried to reach ReliaStar for a comment but between their drop-kicking orphans and playing touch football with the devil there really wasn't time.
Extra Tidbit: This is just hideous.
Source: Yahoo

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5:37PM on 10/01/2008
The fact is, certain insurance companies don't have a good track record when it comes to paying out policies, so forgive me for thinking they are less than innocent.
The fact is, certain insurance companies don't have a good track record when it comes to paying out policies, so forgive me for thinking they are less than innocent.
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1:39PM on 10/01/2008
Who cares if he negated the contract?

Good question. Why should people have to follow laws or honor contracts? Why should people be expected to follow the specifics of the agreements they voluntarily enter into? Who cares if the insurance company pays out on a policy even though the policy holder lied, effectively cheating the company? What in the world makes anybody think the insurance company has any right at all to check and see if the terms of the contract were being followed, or if
Who cares if he negated the contract?

Good question. Why should people have to follow laws or honor contracts? Why should people be expected to follow the specifics of the agreements they voluntarily enter into? Who cares if the insurance company pays out on a policy even though the policy holder lied, effectively cheating the company? What in the world makes anybody think the insurance company has any right at all to check and see if the terms of the contract were being followed, or if the man in question committed suicide or was murdered or just plain up and died? Who gives a damn about the truth, when there's a cute little celebrity offspring with some vague and undefinable "need" that somehow seems to justify the possiblity of bilking an insurance company?

After all, everybody knows that lying, cheating, and stealing are perfectly acceptable -- as long as it's "for a good cause", and it's some businessman you're stealing from. And they're not returning the favor by stealing from you. Because that would be just... wrong.
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1:33PM on 10/01/2008
Who cares if he negated the contract?

Good question. Why should people have to follow laws or honor contracts? Why should people be expected to follow the specifics of the agreements they voluntarily enter into? Who cares if the insurance company pays out on a policy even though the policy holder lied, effectively cheating the company? What in the world makes anybody think the insurance company has any right at all to check and see if the terms of the contract were being followed, or if
Who cares if he negated the contract?

Good question. Why should people have to follow laws or honor contracts? Why should people be expected to follow the specifics of the agreements they voluntarily enter into? Who cares if the insurance company pays out on a policy even though the policy holder lied, effectively cheating the company? What in the world makes anybody think the insurance company has any right at all to check and see if the terms of the contract were being followed, or if the man in question committed suicide or was murdered or just plain up and died? Who gives a damn about the truth, when there's a cute little celebrity offspring with some vague and undefinable "need" that somehow seems to justify the possiblity of bilking an insurance company?

After all, everybody knows that lying, cheating, and stealing are perfectly acceptable -- as long as it's some businessman you're stealing from, and they're not returning the favor by stealing from you.
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6:31AM on 10/01/2008

Who cares if he negated his contract...

the money isn't going to him, it's going to his little daughter who looks healthy and precious. It's fucked up because people have to keep writing stories about a deceased person, let him RIP. Think about the little girl, not about your Bentley and some extra cash at a strip club, greedy ass snobs.
the money isn't going to him, it's going to his little daughter who looks healthy and precious. It's fucked up because people have to keep writing stories about a deceased person, let him RIP. Think about the little girl, not about your Bentley and some extra cash at a strip club, greedy ass snobs.
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1:47AM on 10/01/2008

sucks

That's really fucked up... but at least she's getting his home.

And [link] why don't u guys chill the hell out? He's reporting a story on the $10 million, this has nothing to do with her inheriting the estate. That means shit compared to the 10 million she is rightfully owed. Stop ripping apart a movie news site for delivering news on a gigantic movie star.
That's really fucked up... but at least she's getting his home.

And [link] why don't u guys chill the hell out? He's reporting a story on the $10 million, this has nothing to do with her inheriting the estate. That means shit compared to the 10 million she is rightfully owed. Stop ripping apart a movie news site for delivering news on a gigantic movie star.
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10:02PM on 09/30/2008

Things Change...

Ryanmcall, if you signed a contract that stated you were taking medication and you said no, and you weren't... you're not lying. At that time you weren't taking anything. Shit happens, you get sick, you need meds. It doesn't negate the contract - only if it can be proved that he was lying. But to base it on what he's taking post-contract signing is absurd.
Ryanmcall, if you signed a contract that stated you were taking medication and you said no, and you weren't... you're not lying. At that time you weren't taking anything. Shit happens, you get sick, you need meds. It doesn't negate the contract - only if it can be proved that he was lying. But to base it on what he's taking post-contract signing is absurd.
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5:46PM on 09/30/2008

the only good thing coming out of this

is im sure that lil olsen twat was involved somehow in a not so good way. hopefully this investigation will bring that to light.
is im sure that lil olsen twat was involved somehow in a not so good way. hopefully this investigation will bring that to light.
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5:08PM on 09/30/2008

LEDGER LIED IN CONTRACT

In the insurance contract it asked whether he was taking prescription drugs, Ledger said no, thus negating the contract.
In the insurance contract it asked whether he was taking prescription drugs, Ledger said no, thus negating the contract.
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3:28PM on 09/30/2008

Yahoo inheritance link

link to yahoo story about inheritance:

[link]
link to yahoo story about inheritance:

[link]
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3:28PM on 09/30/2008
It's pretty awful but she'll already be VERY well taken care of. The additional 10 mil would definitely HELP but she can easily get by without it. She has her mother and Heath's family to support her. She'll be fine. ReliaStar can suck it long, and suck it hard. They're happy to take the money for years and years but God forbid they give it back when the time calls.
It's pretty awful but she'll already be VERY well taken care of. The additional 10 mil would definitely HELP but she can easily get by without it. She has her mother and Heath's family to support her. She'll be fine. ReliaStar can suck it long, and suck it hard. They're happy to take the money for years and years but God forbid they give it back when the time calls.
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3:23PM on 09/30/2008

sucky, but not a tragedy

okay so here's my 2 cents...yeah, shitty deal, insurance company is prolly screwing the pooch on this one but hey, don't we all expect that by now? i mean, unless we're talking about maybe a $10,000 policy that they'll recoup in like 30 seconds, they are gonna do everything they can to keep from paying out, or at least from paying the whole thing.

also of note, did you all, mr. james thoo included, miss the news on how little miss matilda is inheriting his $16 million estate? way to
okay so here's my 2 cents...yeah, shitty deal, insurance company is prolly screwing the pooch on this one but hey, don't we all expect that by now? i mean, unless we're talking about maybe a $10,000 policy that they'll recoup in like 30 seconds, they are gonna do everything they can to keep from paying out, or at least from paying the whole thing.

also of note, did you all, mr. james thoo included, miss the news on how little miss matilda is inheriting his $16 million estate? way to research there mr. thoo...are you not being compensated enough to check hmm i dunno, YAHOO who reported on that more than a day ago? frankly i would of expected to hear about that here first, joblo.com is usually on top of things pertaining to oft mentioned actors such as mr. ledger.

so really, my heart goes out to the poor girl who will not get to grow up with her father, who won't be given away at her wedding by him, etc. but hey, she is gonna grow up better off than most of us financially so really, fuck the insurance company and stop bitching about them.
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2:14PM on 09/30/2008
James, the only reason you're so upset is because he starred in The Dark Knight.
James, the only reason you're so upset is because he starred in The Dark Knight.
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1:48PM on 09/30/2008

well...

In one sense its good to see that famous people even get shafted by Insurance companies like the rest of us would have been in a similar situation, on the other it sucks for his daughter. Usually these types of death result in no pay outs bc it cant be shown either way. I mean how do they really know it was accidental, its all circumstantial, nobody was there to witness it, so its all a guess.
In one sense its good to see that famous people even get shafted by Insurance companies like the rest of us would have been in a similar situation, on the other it sucks for his daughter. Usually these types of death result in no pay outs bc it cant be shown either way. I mean how do they really know it was accidental, its all circumstantial, nobody was there to witness it, so its all a guess.
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1:34PM on 09/30/2008
So, I wonder how much business ReliaStar are gonna lose because of their greediness here? Somebody did at that company did not think this one through. Way to go, fellas.
So, I wonder how much business ReliaStar are gonna lose because of their greediness here? Somebody did at that company did not think this one through. Way to go, fellas.
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1:03PM on 09/30/2008
Insurance companies are such scams! The promise you something, then when it comes time to deliver, they dont do it! Fuck you Reliastar, its obvious the last thing one can expect from you is Relia-bility!
Insurance companies are such scams! The promise you something, then when it comes time to deliver, they dont do it! Fuck you Reliastar, its obvious the last thing one can expect from you is Relia-bility!
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12:55PM on 09/30/2008

To Hell With Insu Companies

To hell with all these insurance companies. They all take your money. His daughter deserves that money. His insurance co knows this 100% that he accidently died.

To hell with all these insurance companies. They all take your money. His daughter deserves that money. His insurance co knows this 100% that he accidently died.

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12:34PM on 09/30/2008
If you take out a policy for 10 million bucks and OD, I can understand that the insurance company might want to know everything they can. Also, they are an insurance company... Did they expect NOT to get fucked with?

Plus, I really couldn't care less if a baby doesn't get a 10 million dollar pay out. I sympathize that her dad killed himself, but there are worse situations to be in than NOT having 10 million before Kindergarten. There are plenty of orphan children out there without 10 mill,
If you take out a policy for 10 million bucks and OD, I can understand that the insurance company might want to know everything they can. Also, they are an insurance company... Did they expect NOT to get fucked with?

Plus, I really couldn't care less if a baby doesn't get a 10 million dollar pay out. I sympathize that her dad killed himself, but there are worse situations to be in than NOT having 10 million before Kindergarten. There are plenty of orphan children out there without 10 mill, I think she'll learn to cope.
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10:47AM on 09/30/2008

yea it blows but

such is life...this kinda crap goes on for regular people too, not just 10 million policy holders...i do feel horrible for his daughter tho
such is life...this kinda crap goes on for regular people too, not just 10 million policy holders...i do feel horrible for his daughter tho
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10:33AM on 09/30/2008
The jury is out.

This company has the right to investigate and pay out based on the facts of the case. I don't know any more about Heath's death than anyone else, so won't pass judgment on an insurance company trying to play by the rules of the game. Heath signed on the dotted line, so he should have known about a suicide-invalidation clause.

Extra tidbit: Who are you quoting in the red quote above?
The jury is out.

This company has the right to investigate and pay out based on the facts of the case. I don't know any more about Heath's death than anyone else, so won't pass judgment on an insurance company trying to play by the rules of the game. Heath signed on the dotted line, so he should have known about a suicide-invalidation clause.

Extra tidbit: Who are you quoting in the red quote above?
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