This story was sent to you by: eugene mcelroy

anyone who saw Michael Moore's latest film "Capitalism: A Love Story" will remember the sequence in which he deals with the "dead peasant" insurance policies taken out by companies on their employees.

-------------------- Legislation targets those who bet on death --------------------

Some investors pay seniors for the right to take out life policies on them. Proposed bill in California has some industry support.

By Marc Lifsher

October 9 2009

Reporting from Sacramento -- New efforts are underway in Sacramento to regulate how investors buy and sell existing life insurance policies, a practice that critics contend allows speculators to make money by wagering on when a person will die.

The complete article can be viewed at: http://www.latimes.com/business/la-fi-life-insurance9-2009oct09,0,7297633.st...

Visit latimes.com at http://www.latimes.com