death bonds

Buying Out Life Insurance Policies Is A Bad Investment When People Keep Living

Buying Out Life Insurance Policies Is A Bad Investment When People Keep Living

Earlier this year, a company called Life Partners declared bankruptcy. They had a pretty simple business model: they brought together investors and dying people in need of cash. The investors put up some money and paid the life insurance premiums, collecting the insurance payout when the person eventually dies. This business model doesn’t work out for the investor, though, when the insured person lives longer than anticipated. [More]