Why give your family a lump sum and have them blow it? Most insurance policies have options to pay out over time, but few people use them. It limits them to the terms of the insurance company. Thus, I came up with a simple system.
Like much of America, I'm down on professional politicians. I'm tired of people getting in office to line their pockets, suck up to lobbyists and constantly run for re-election.
If the people on Wall Street knew that no one would ever be there to bail them out, ever again, they would be less inclined to gamble with instruments they don't really understand.