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Don’t Bet On It

Banks in Germany had an unusual investment offer: funds bought up American life insurance policies and said investors would ...well... make a killing when people died. “At the Deutsche Bank branch, they told me it was a booming business,” a customer said, but the fund has to pay the premiums on the policies until people die, and Americans just aren’t dying as fast as they predicted. As a result, the funds are losing money. Unhappy investors have set up a web site to complain, and have hired a lawyer. (RC/Der Spiegel) ...Reports of our imminent demise are greatly exaggerated.
Publication Date: 27 September 2009
This story is in True’s book collection, Volume 16.

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