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Life insurance in reverse
"Reverse Life Insurance" sounds like a gimmick name for Life Settlements. Don, you make an interesting point about finding scam victims in the church. I would think that the appeal of an "investment" of this nature within religious settings would even be more sensational . . . and less susceptible to legit skepticism. The preoccupation with death is a part of the framework of just about every religion. The ways to ostensibly overcome death often become the galvanizing principles/beliefs that differentiate one religion from another. Thus, I would think that many (but not all) people in religious circles would be pretty susceptible to a pitch that centered on a way to turn death into a source of profit. As a 15 year veteran of life insurance sales, I am convinced that people are ripe for exploitation when it comes to any product dealing with death, especially their own. People want to "check the box" of their anxiety . . . . and move on. It's not a pleasant subject. People would rather get screwed than continue the dialogue. By the way, if you want to read up on one of Wall Street's much more polished version of this "Reverse Life Insurance" scam, google Life Partners Holding Company. Bad shiz, man. Bad shiz.— June 9, 2015 2:08 p.m.