It needed a company like Tangiers Mutual to dream up a racket like that. The term "uninsurables" to most insurance companies means those people whose jobs or habitats make them too likely as prospects for obituaries. To Tangiers Mutual, uninsurables are people who have money the company can't get at.
"Now," said Henderson importantly, "we come to the problem at hand." He ruffled his up-to-now-neat In basket and finally found the folder he wanted. He studied the blank exterior of this folder for a few seconds, pursing his lips at it, and said, "One of our clients under the Double R-P was a man named Jafe McCann."
"Was?" I echoed.
He squinted at me, then nodded at my sharpness. "That's right, he's dead." He sighed heavily and tapped the folder with all those pudgy fingers. "Normally," he said, "that would be the end of it. File closed. However, this time there are complications."
Naturally. Otherwise, he wouldn't be telling me about it. But Henderson couldn't be rushed, and I knew it. I kept the alert look on my face and thought of other things, while waiting for him to get to the point.
"Two weeks after Jafe McCann's death," Henderson said, "we received a cash-return form on his policy."
"A cash-return form?" I'd never heard of such a thing. It didn't sound like anything Tangiers Mutual would have anything to do with. We never return cash.
"It's something special in this case," he explained. "You see, this isn't an insurance policy, it's a retirement plan, and the client can withdraw from the retirement plan at any time, and have seventy-five per cent of his paid-up premiums returned to him. It's, uh, the law in plans such as this."
"Oh," I said. That explained it. A law that had snuck through the World Finance Code Commission while the insurance lobby wasn't looking.