Investors Chasing the Death Dividend Taken for Millions. Michael J. Berens and Mark Skertic.
by Berens, Michael J; ProQuest Information and Learning Company.
Series: SIRS Enduring Issues 2005Article 77Business. Publisher: Chicago Tribune, 2004ISSN: 1522-3191;.Subject(s): Corporations -- Corrupt practices | Insurance -- Life | Insurance crimes | Investments | Life expectancy | Physicians | Risk | Securities fraud | United States Securities and Exchange Commission | Viatical settlementsDDC classification: 050 Summary: "Viaticals are financial instruments that allow a life insurance policyholder to sell his or her policy benefits to investors for a portion of what the policy will someday pay....Dozens of companies selling viaticals maintain stellar regulatory records and have been consistently profitable. But since 1998, a majority of companies that were licensed by regulators have run afoul of the law." (CHICAGO TRIBUNE) This article explains how viatical transactions work and reports the results of an investigation of the "viatical industry, a loosely regulated, often-misunderstood world that is riddled by fraud."| Item type | Current location | Call number | Status | Date due |
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High School - old - to delete | REF SIRS 2005 Business Article 77 (Browse shelf) | Available |
Articles Contained in SIRS Enduring Issues 2005.
Originally Published: Investors Chasing the Death Dividend Taken for Millions, July 21, 2004; pp. n.p..
"Viaticals are financial instruments that allow a life insurance policyholder to sell his or her policy benefits to investors for a portion of what the policy will someday pay....Dozens of companies selling viaticals maintain stellar regulatory records and have been consistently profitable. But since 1998, a majority of companies that were licensed by regulators have run afoul of the law." (CHICAGO TRIBUNE) This article explains how viatical transactions work and reports the results of an investigation of the "viatical industry, a loosely regulated, often-misunderstood world that is riddled by fraud."
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