Wall Street Pursues Profit in Bundles of Life Insurance

Wall Street Pursues Profit in Bundles of Life Insurance (Full Version)

All Forums >> [Casual Banter] >> Off the Grid

Message

pahunkboy -> Wall Street Pursues Profit in Bundles of Life Insurance (9/6/2009 1:32:35 PM)
http://www.nytimes.com/2009/09/06/business/06insurance.html?_r=1&hp=&pagewanted=print This is beyond belief. Now they take the casino in the regard that it is profitable for Wall Street is people die sooner. This before the great harvest too! How absolutely sickening!

DesFIP -> RE: Wall Street Pursues Profit in Bundles of Life Insurance (9/6/2009 2:11:22 PM)
They'll find it harder than they imagine to profit from it. Since the extreme elderly aren't that likely to die. If you make 87, you are equally likely to make 94. Found this out some years ago when my dad tried to sell one of his policies and they announced he was too healthy for it to be profitable.

pahunkboy -> RE: Wall Street Pursues Profit in Bundles of Life Insurance (9/6/2009 2:34:59 PM)
Jim left his sisters 850k. When I told mom she was surprised..but the policies were taken out when he was born....

Page: [1]

Collarchat.com © 2025

Terms of Service

0.03125