Tuesday, September 08, 2009
Viatical Life Insurance: Allowing Someone to Profit from Your Death
An article in the New York Times today brought to mind a question I have had for a long time about viatical settlements. These are arrangements where the owner of a life insurance policy sells that ownership (and therefore the right to name the beneficiary) to a third party. There are reasons for doing this that do not cause me concern. But in other cases, I have always felt there was something a little queasy in the deal...
Seeking Alpha: Viatical Life Insurance: Allowing Someone to Profit from Your Death
Seeking Alpha: Viatical Life Insurance: Allowing Someone to Profit from Your Death