New York Rules That It Is OK To Resell Life Insurance Benefits

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New York’s top court ruled Wednesday that state law allows people to buy life insurance policies and immediately sell them to investors who make money when the insured person dies. The Court of Appeals, in a 5-2 ruling, said the practice is legal in New York even where the policy was obtained solely for that… Read more »

A New Type of Insurance

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WedLock is a new type of casualty insurance that gives the unhappily married policyholder a payout after he or she is divorced. It costs about $16 a month for every $1,250 of coverage. John Logan, founder of the company, figured there must be a market for those who want to hedge their marital bets. But… Read more »