In the early 1980’s and 90’s, AIDS was rampant and incurable. The sufferers needed cash, and so they started selling their life-insurance policies to investors/companies who were ready to pay cash. They got the much need cash and they did not have to pay premium anymore! The investors paid the premium till the insured died and made themselves a neat profit, if they died early!
Death Bonds
Death Bonds
Death Bonds
In the early 1980’s and 90’s, AIDS was rampant and incurable. The sufferers needed cash, and so they started selling their life-insurance policies to investors/companies who were ready to pay cash. They got the much need cash and they did not have to pay premium anymore! The investors paid the premium till the insured died and made themselves a neat profit, if they died early!