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...
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