[Smlr_net] Legislation targets those who bet on death

sagauro at rci.rutgers.edu sagauro at rci.rutgers.edu
Fri Oct 9 12:25:13 EDT 2009

This story was sent to you by: eugene mcelroy

anyone who saw Michael Moore's latest film "Capitalism: A Love Story" will remember the sequence in which he deals with the "dead peasant" insurance policies taken out by companies on their employees.

Legislation targets those who bet on death 

Some investors pay seniors for the right to take out life policies on them. Proposed bill in California has some industry support.

By Marc Lifsher

October 9 2009

Reporting from Sacramento -- New efforts are underway in Sacramento to regulate how investors buy and sell existing life insurance policies, a practice that critics contend allows speculators to make money by wagering on when a person will die. 

The complete article can be viewed at:

Visit latimes.com at http://www.latimes.com

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