Same. We each have 4-5.

Sign up, and you'll be able to customize your font size and more! Sign up

Report problem with this ad

Mar 30, 2023
11:04:04am

Cougstreak All-American

Same. We each have 4-5.

I get policies through work, she gets policies too. Additionally we had a big legacy policy. We then topped up policies as income rose. I also had policies from a former employer for both of us that we kept.

Not to go into details here there are reasons for estate and investment planning to have added policies.

Report problem with this ad

Cougstreak

Bio page: Cougstreak
Joined: May 6, 2016
Last login: Apr 28, 2024
Total posts: 5,392 (254 FO)

Report problem with this ad

Messages

Author

Time

This is insane. Hundreds of thousands of credit card debt, crypto Ponzi scheme,

GRCoug

3/30/23 6:47am

His dental business was losing $120K per month?

donnerstag

3/30/23 6:51am

Was he not seeing any patients at all?

Indy Coug

3/30/23 6:53am

Even if had been working 120 hours per week, there is zero chance

donnerstag

3/30/23 6:55am

The article didn’t say “per month”

BYU'01

3/30/23 8:08am

Oh, he's good then

3/31/23 8:56pm

I'm guessing he was overpaying salaries or rent?

ryebrye

3/30/23 6:54am

Paying himself too much most likely

AFCougK9

3/30/23 7:29am

You can’t pay yourself money you don’t have

Recipefordisaster

3/30/23 10:58am

You can when you own your own business. Pay yourself before you pay your bills.

AFCougK9

3/30/23 11:38am

0 dollars business income -100 dollar owner draw. Does not work. Simple math

Recipefordisaster

3/30/23 5:43pm

If a dental practice produces 900k in fees. Owner can pay himself too high of a

AFCougK9

3/30/23 6:22pm

When you own your own business, company money is your money. If you don't have

TailgateU

3/30/23 5:58pm

I own my own business and understand how he likely bankrupted the practice.

AFCougK9

3/30/23 6:24pm

Was he just putting in gold caps and not charging people?

HansMoleman

3/30/23 7:43am

I didn’t read “per month”

BYU'01

3/30/23 8:07am

It’s in the preview in the OP

donnerstag

3/30/23 8:58am

I get that. Nowhere in the article. I think the social media summary ≠ accurat

BYU'01

3/30/23 9:08am

It'd be even better if it was "per mouth"

ryebrye

3/30/23 12:30pm

I don't buy that figure.

coolblue

3/30/23 9:54am

They look so happy

SouthernBlueBlood

3/30/23 7:01am

Well we finally met someone who lost money in crypto

cougarbart

3/30/23 7:03am

RE: Well we finally met someone who lost money in crypto

3/30/23 8:21am

You've only lost it if you took it out. I still have diamond hands to the moon😂

Sparkling Delirium

3/30/23 8:49am

Doubt it

3/30/23 9:11am

Never trust a guy with a beard... well except Jesus. Always trust Jesus.

3/30/23 7:04am

Dan Smith thumbs'd down trusting Jesus. Have fun in Hades Dan. With all the

3/30/23 7:14am

Jesus has a beard yet Satan is clean shaved.... hmmmmmm....

VACOUGFAN

3/30/23 7:17am

You sure about that?

3/30/23 7:22am

I'd barely call that dirt on his chin a beard. But I agree that is Satan.

VACOUGFAN

3/30/23 7:25am

RE: You sure about that?

TailgateU

3/30/23 4:17pm

His first attempt to kill her was with a projectile button... any second now...

3/30/23 7:08am

Crap... I have a foot long beard... does this mean I'm going to kill my wife?

VACOUGFAN

3/30/23 7:10am

RE: Crap... I have a foot long beard... does this mean I'm going to kill my

3/30/23 7:15am

Can I just say how appalled I am about the anti-beard crowd here...

Jingleheimer

3/30/23 8:48am

Honor code is not the dress code. Beards should be allowed.

ParentingNotForSissy

3/30/23 9:15am

Brigham Young had a nice beard.

Mabuhay Coug

3/30/23 10:03am

Reported income of $780k in 2019

Gustav

3/30/23 7:18am

In my opinion, it’s very easy for a dentist to commit fraud. You go in for 1

Powerbait DPM

3/30/23 7:26am

I took my daughter to a dentist last year and they told me she had 11 cavities

25mphman

3/30/23 7:40am

Its a shame that there are those who lie and taint a great profession and public

Recipefordisaster

3/31/23 10:54pm

They always seem to have some new tech that isnt covered by insurance

panacablue

3/30/23 7:49am

Unfortunately where you are in ignorance and have to rely on the expertise

Joysey

3/30/23 8:08am

You can basically add any service to your list. Plumber, electrician, appliance

kotacoug

3/30/23 9:10am

Yup. Had a plumber come out to my house today. I need a flange replaced.

Powerbait DPM

3/30/23 11:28am

Dentist told me I needed a crown (but could technically get a filling that’d be

BYU'01

3/30/23 8:29am

Implant/crown is going to cost $3500, which also has failure rates to factor in

kotacoug

3/30/23 9:07am

Understand. My data has a sample size of 1 (hardly robust). But there is a real

BYU'01

3/30/23 9:48am

Dentists are squarely on the list of people that are mostly bad (or corrupt) at

Mitty

3/30/23 10:32am

These numbers don’t really add up. If they came from bankruptcy documents I

kotacoug

3/30/23 7:38am

His wife had three, yes 3, life insurance policies. Everybody take note. If a

Sparkling Delirium

3/30/23 7:26am

I expect the kids will; he won’t for sure

RWaters

3/30/23 7:28am

I'd be more worried about total insured amount, more than number of policies

Indy Coug

3/30/23 7:38am

“Slayer rule” - contingent beneficiaries get the benefit instead of him

3/30/23 7:46am

I understand he wouldn't get anything. I guess it seems like the insurance

Sparkling Delirium

3/30/23 8:02am

Here's when the policies would not pay out -

3/30/23 1:34pm

Thanks. That is what I was looking for.

Sparkling Delirium

3/30/23 2:46pm

That’s interesting because I know of a situation for #2 where the insurance did pay out

Odysseus

3/30/23 3:12pm

These are generalities- each company/policy will have specific exclusions

3/30/23 3:52pm

You should have compassion for him, he is now a widower.

panacablue

3/30/23 7:49am

ok I'll try. Nope, didn't work.

qwerew

3/30/23 3:10pm

That's not true at all, I have 3 policies on my wife and 4 on myself

therock

3/30/23 9:05am

Do they? 3-4 policies on each spouse? That doesn’t seem normal.

kotacoug

3/30/23 9:11am

Most people nowadays just have a pre written gofundme request

King of Y

3/30/23 9:20am

RE: That's not true at all, I have 3 policies on my wife and 4 on myself

Sparkling Delirium

3/30/23 9:28am

Same. We each have 4-5.

Cougstreak

3/30/23 11:04am

my wife wanted to add an extra million to my life insurance. I said no in order

qwerew

3/30/23 9:37am

They did not mention his addiction to pornography, but other articles on him

King of Y

3/30/23 8:25am

I've got an uncle like this (not killing his wife crazy...). "Successful" estate planning lawyer who gambled away

3/30/23 8:26am

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad