Results tagged “lifeinsurance”

The NY Times has a depressing front page article on what Wall Street is eyeing as its next big thing—bundling life insurance: "The bankers plan to buy “life settlements,” life insurance policies that ill and elderly people sell for cash — $400,000 for a $1 million policy, say, depending on the life expectancy of the insured person. Then they plan to “securitize” these policies, in Wall Street jargon, by packaging hundreds or thousands together into bonds."