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  • davidbdc: 
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  Unbelievable. I hope regulators squash this long before it gets off the ground. First I paid for bailouts......now I'll have to pay higher rates for life insurance so that Wall Street can get a cut???

  Sep 06 07:03 PM | Link | Reply
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  • Market Sniper: 
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  They won't squash it Dave! Think about this. Who are the counter parties on this one? The walking dead like AIG, etc. Payoffs only as good as the insurence companies writting the policies. Do people have short memories or what? Here it is again. A system is in trouble when more money can be made gaming the system than doing something productive.

  Sep 06 07:12 PM | Link | Reply
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  • farmer448: 
  • Comments (109)
  An interesting twist on Death Panels. Step right up and spin the wheel of death to get an early payout on you life insurance.
  A great plot for Law and Order as a bond holder hires a hit man to get his bonds to pay out. Whoopee.
  
  This is very similar to when companies bought policies where the company was the beneficiary on their employees. Maybe Wall Street should talk to WalMart about how it that idea worked out.
  
  Needless to say the government better wonder about the Ethical issues here as well as the financial.

  Sep 07 09:45 AM | Link | Reply