Wall Street discovered how to bet on your death
Turns out, your life insurance policy is just another asset for investors to trade like a tech stock.
It started during the AIDS epidemic. People needed cash for treatment, so they sold their insurance policies at a discount to investors who would wait for the payout. Now, it is a massive, multi-billion dollar industry.
Investors essentially treat your eventual demise as a portfolio diversification move. They buy the policy, pay the premiums, and wait for the clock to run out. The sooner the person dies, the higher the return on investment.
It is a strange, cold market where the greatest threat to your financial strategy is someone living a long, healthy life.
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