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Wall Street Pursues Profit in Bundles of Life Insurance


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Wall Street Pursues Profit in Bundles of Life Insurance - 9/6/2009 1:32:35 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		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!
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RE: Wall Street Pursues Profit in Bundles of Life Insur... - 9/6/2009 2:11:22 PM   
DesFIP


Posts: 25191
Joined: 11/25/2007
From: Apple County NY
Status: offline 		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.

_____________________________

Slave to laundry

Cynical and proud of it!


(in reply to pahunkboy)
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RE: Wall Street Pursues Profit in Bundles of Life Insur... - 9/6/2009 2:34:59 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		Jim left his sisters   850k.   When I told mom she was surprised..but the policies were taken out when he was born....

(in reply to DesFIP)
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