Despite being a contract player for the top studio of the day, MGM, Ricardo Montalban was apparently not happy about the sorts of roles Hispanic actors got in Hollywood...hence he later started a non- profit ("Nosotros") to encourage Spanish-speaking actors and Hispanic themes in films. So I am pretty sure he was thrilled with a chance to star in "A Life in the Balance", as he was able to play a Mexican man and the film is set in Mexico City!
When the film begins, it's very apparent that Antonio (Montalban) loves his son, Paco, very much. But he's lost his job and they barely make ends meet. Additionally, the boy often is on his own while his father is working. There is a lot of pressure on Antonio to let the neighbors raise the boy...but he won't consider it.
Despite losing his job, Antonio pretends that he does have work and tries hard to convince the boy that everything is fine. In fact, he even promises to buy his son a guitar! But when Antonio goes to an old girlfriend to get some money she owes him, they argue a bit. Later, after he's gone, a serial killer (Lee Marvin) murders her and folks assume Antonio did it! To make things worse, Paco saw the murder and the maniac has captured him. What's next? See the film.
I liked this film and was very prepared to give it a score of 7. However, at the very end, the characters all started talking and philosophizing...and it all came off as unnecessary and preachy. This was clearly a case where the film was finished...but they kept filming and talking! Still, despite this, the movie's pretty good viewing...and must have made Montalban happy because he was able to get back to his roots.