In the aftermath of a tragedy such as an airplane crash where all passengers on board a plane have died, the insurance company will make a pay-off to the families who lost a loved one. In this regard, the insurance company will look to several factors in awarding a monetary loss including the education and employment of the deceased. As such, should there be a distinction made in the monetary amounts awarded based upon one's socio-economic status? Would awarding an equal sum be fair?

 

 

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