beliavsky@[EMAIL PROTECTED]
wrote:
>On May 17, 10:02 pm, Douglas Johnson <p...@[EMAIL PROTECTED]
> wrote:
>> beliav...@[EMAIL PROTECTED]
wrote:
>> > Looking at some ads run enticing people
>> >to sell their life insurance policies, the rates of return for
>> >investors look high.
>>
>> They are if the guy has the good manners to die promptly. If he lives
too long,
>> the returns go in the tank. -- Doug
>
>That depends, of course, on the size of the death benefit relative to
>the cost of buying the policy and of keeping the policy in force.
Sorry, you caught me in full smart-a mode. My wife says it is easy to do.
I
took a light look at viaticals some time ago and decided I wasn't
interested.
They started getting well known with AIDS patients, who then proceeded to
live
longer than anyone thought possible. A very good thing for them, tough on
the
investor.
Which exposes the "ick" factor -- waiting for someone to die to get your
money
back. I'm not against them; They provide a useful service. But I think
I'll
invest in other things.
I just ran across this article while using Google to spell check
"viatical". It
is suggesting more than a little bit of caution when thinking about
viaticals.
http://www.aarp.org/money/credit_debt/a2002-10-01-FraudsViaticals.html
-- Doug
--------------------------------------
Misc.invest.financial-plan is a moderated newsgroup where Moderators
strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
which we respond. For all of the other tips and suggestions, see "FROM
THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on
the
Newsgroup.
|
