Grim Risks of Reaping Death’s Rewards
The Wall Street Journal
By: Leslie Scism and Larry Light
2/6/2010
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. Adding to the danger are a recent adverse tax ruling and some scam artists on the edges of the industry.
Commentary by Michael Abraham:
Don’t you find it depressing that even the ‘serious’ papers resort to such gimmicky and misleading headlines like their counterparts in the tabloids! The article itself is not worthy of comment.
Published on 06 Feb 2010 at 09:31 pm
