Tuesday, March 11, 2008

 

Seniors Get Paid to Let Investors Buy Insurance on Their Lives

Robert Mannheim was stunned when he found out that strangers wanted to lend his mother in West Los Angeles money to buy her a $2-million life insurance policy and pay her premiums.

The deal got better after two years: She would sign over her death benefits to investors and collect $200,000.

Seniors Get Paid to Let Investors Buy Insurance on Their Lives
Source: Mercury News

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