Posted on 10/28/2016 9:12:10 PM PDT by MtnClimber
Annabel Hill of Waynesboro, Georgia lived a difficult life. At age 66, her husband Lenard killed himself in an attempt to save the family farm with insurance money. But the life insurance didn’t provide nearly enough.
So the farm, which had been in her family for five generations, was scheduled for auction.
But Donald Trump saw the story on NBC Nightly News, and he swung into action! Trump knew that hard-working farmers have made America great, and they deserve our support.
“I saw a story on the news about Annabel Hill, who’d hit bottom,” The Donald writes in his book The America We Deserve. “It was a very sad situation, and I was moved,” Trump writes in The Art of the Deal. “Here were people who’d worked very hard and honestly all their lives, only to see it all crumble before them. To me, it just seemed wrong.”
“The next morning, I called and got some vice president on the line,” writes Trump. “I explained that I was a businessman from New York, and that I was interested in helping Mrs. Hill. He told me he was sorry, but that it was too late. They were going to auction off the farm, he said, and ‘nothing or no one is going to stop it.’”
It was then, Trump claims, he decided to talk tough to the banker.
According to Trump’s account, he was willing to get rough with the bank. Trump said he yelled at the banker holding the mortgage, “You listen to me. If you do foreclose, I’ll personally bring a lawsuit for murder against you and your bank, on the grounds that you harassed Mrs. Hill’s husband to his death.”
(Excerpt) Read more at thepoliticalinsider.com ...
You don’t get life insurance pay outs from suicide. So....not sure if this passes my smell test.
A story not covered in the MSM. Would be good to get out to other web sites and social media if other members can spread the story.
You did not read the story.
I am trying to find another story that says that the life insurance company did not pay, which they should not.
Yes you do .. the only problem is .. if you die accidentally, you get double. Okay !!
No smell can be found.
Yup, this was a PR stunt. Trump, back when he was relatively unknown outside New York City, decided to create a situation where he would negotiate with the banks and raise funds to pay off the mortgage of a little old lady he never met so he could get a photo op with her (in the article) to use decades later when he ran for President. My gosh, this guy thinks ahead!
No, life insurance does not pay out for suicide.
Another article about the same story. Both have a photo of the widow and Trump at the mortgage burning ceremony. The article:
http://politics.blog.ajc.com/2015/12/26/that-time-when-donald-trump-saved-a-georgia-farm/
I didn’t say that. The first sentence doesn’t pass my smell test. Life insurance does not pay out for suicide.
This is a story from the 8/2/87 New York Times:
Shortly before the Hills' 1,300-acre farm in Waynesboro, Ga., was to be auctioned in February 1986, Mrs. Hill's 67-year-old husband, Lenard D. 3d, told her to settle their debts by collecting his life insurance. Then he shot himself fatally to stop the sale.
The insurance netted $175,000; the debts exceeded $300,000. Parts of the farm were sold, but even that wasn't enough. Last Sept. 2, the remaining 715 acres were up for auction again.
This time, Donald J. Trump, the New York real-estate developer, halted the sale. He phoned the auction block and assured the creditors that he would help Mrs. Hill.
''It's worked out real, real well,'' she says. ''All 715 acres were saved.''
A son is farming corn, cotton and soybeans on the acreage under Government subsidy programs. ''It's a living,'' Mrs. Hill says, noting that ''we don't have any debts anymore.''
After halting the farm's sale, Mr. Trump invited Mrs. Hill and her family to New York. ''We needed $180,000,'' she says, to pay off debts.
A public fund drive raised $101,000. Then a Dallas property owner, Thomas McKamy, donated $38,000, and Mr. Trump gave $46,000, according to a spokeswoman for Mr. Trump, Norma Foerderer. The extra $5,000 that was raised covered legal fees.
Seems quite legit to me.
I didn’t say that. The first sentence doesn’t pass my smell test. Life insurance does not pay out for suicide.
Actually not true. Most life insurance policies WILL pay off after a two year waiting period from the policy’s inception.
Here’s a quote from the Time.com/money site.
“Usually, this clause states that no death benefit will be paid if the insured commits suicide within two years of taking out a policy. Whenever an insured person replaces an existing life insurance policy with a new one, the time clock for the suicide clause is set back to zero and starts over again”
Sure you can. I have a policy that will pay out if I commit suicide. I had it written in 25 years ago, and it had a two year clause. I took it out to pay in case I was killed in the Gulf War.
The life insurance was not the key thing I wanted to post. I knew of the farm payoff from numerous sources. My point was to demonstrate that the democRATs do not do this and many Republicans do this without seeking attention.
The policy will pay out if it has been in force for 2 or more years.
With some policies you do.
All my life-insurance policies pay off after the first two years in the case of suicide.
I have had a life insurance policy for over 2 years. I do not want my wife to know this.
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