Grim Risks of Reaping Death's Rewards
By Leslie Scism and Larry Light
WALL STREET JOURNAL
February 6, 2010
Death is inevitable, but good investment returns aren't—especially those that rest on how long people live.
The increasingly popular practice of buying rights to older people's life insurance is risky, even downright perilous. People are living longer than actuarial tables say they should, and that is a problem, at least for the investor. . . .
Continued at:
http://online.wsj.com/article/SB100...day%27s_Most_Popular
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Bah . . . I’m sure that at this very moment lobbyists for the death brokers are on Capitol Hill making sure that Congress will act to make certain that folks die on time so that the investors won’t suffer.
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- AK