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How the AIDS crisis helped create a multibillion-dollar death-speculation market (www.npr.org)
submitted 2 months ago by to c/collapse@slrpnk.net
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[–] 2 points 2 months ago (4 children)

I remember its a wonderful life talking about the value of his life insurance if cashed in vs if he was dead. Is this all that new?

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  • [–] [S] 2 points 2 months ago* (3 children)

    IIRC Its a Wonderful Life was referencing that George was worth more dead than alive, ie he should kill himself for payment of the policy. This is new, that you'd get paid by a 3rd party to take a policy on yourself (or others!) then the 3rd party cashes in and not your estate when you die.

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  • [–] 1 point 2 months ago (2 children)

    ok so they offer more than the insurance would if you cashed it in???

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  • [–] [S] 3 points 2 months ago (1 child)

    They dont offer more than the insurance payout, that's the whole catch. They give you 20 cents on the dollar today in order to pocket the 80 cents when you die and your family gets nothing.

    A very similar thing is dead peasant policies by your employer, who can secretly take out policies on low level employees who have health issues to bet on a payout.

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