The Grim Risks of Investing in Death
February 6th, 2010
| Category: Personal Finance
By LESLIE SCISM and LARRY LIGHT Death is inevitable, but good investment returns aren’t—especially those that rest on how long people live. The increasingly popular practice of buying rights to older people’s life insurance is risky, even downright perilous. People are living longer than actuarial tables say they should, and that is a problem, at least for the investor. Adding to the danger are a recent adverse tax ruling and some scam artists on the edges of the …
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