Viatical Life Insurance: Allowing Someone to Profit from Your Death

An article in the New York Times today brought to mind a question I have had for a long time about viatical settlements. These are arrangements where the owner of a life insurance policy sells that ownership (and therefore the right to name the beneficiary) to a third party. There are reasons for doing this that do not cause me concern. But in other cases, I have always felt there was something a little queasy in the deal...

Seeking Alpha: Viatical Life Insurance: Allowing Someone to Profit from Your Death
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