Gambling on cases of death.
Sarah Scott Lorenti and Ericsson have never met, but both are in too much death. In the spring of 1997, Lorenti and her husband, Raymond, then “living in Naples, Florida, invested $ 50000 for the acquisition of 22 percent from Ericsson’s $ 256000 life insurance. Top-papiers have obtained mutual benefits, Fort Lauderdale, negotiated transaction, Ericsson, does not want us to use his real name, had “HIV infection advanced with a 6 - 12 months of life expectancy . Pursuant to an agreement known as viatical urban ( “viatical” comes from the latin and means for a trip), it would have a certain percentage of the policy for immediate use. After the death and he paid for insurance, the investor would receive its share of contention in the Lorentis’, $ 56320 - a good 12.6 per cent. Viaticals The seller said better than CDs have been [certificates of deposit] or stocks, “said Lorenti , 72
Ericsson, one employee in the Middle west, is alive and Lorenti awaiting payment. Although it continues to regularly receive letters of mutual benefits reported that Ericsson’s condition “remains Terminal,” Lorenti, whose husband has died since then, now wants to have opportunities to meet their own needs and concerns that they never pick up .
For people suffering from disease, like Ericsson and investors Lorenti, viaticals resembled an event, from which both parties can win. Todkranken patients with medical care can obtain cash from an insurance policy, as his last days. Investors would be rewarded with a ordered by a safe return - even if morbid - bet.
These attractions are the source of growth for a company. During the year 1998, according to a report Command & Co., an insurance research group, 40 to 50 small businesses in general, industry to exchange $ 1 billion in life insurance, starting only $ 50 million in 1991. Well, the industry is moving to the marketing of viatical settlements elderly healthy by the so-called “Life Settlements”, a potentially huge market value of $ 108 billion. Viatical Many insiders believe that ultimately , Wall Street, the company sells shares of large pools of opportunity “insurance policies.
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