New York Times
By: Jenny Anderson
Wall Street bankers plan to buy life insurance policies that ill and elderly people sell for cash and package hundreds or thousands of them together into bonds.
Posts Tagged ‘life insurance policies’
Back to Business: Wall Street Pursues Profit in Bundles of Life Insurance
Sunday, September 6th, 2009Selling Life Insurance
Friday, September 4th, 2009Boston Globe
By: Jill Boynton
When times are tough people often look to the cash value in their life insurance policies as a source of cash. In addition to borrowing the cash value, one strategy that is sometimes recommended is to sell your life insurance policy to a third party. You would get more than the cash value but not as much as the death benefit.