Whew! Such a Deal

Katt, Peter C.
July 2006
Journal of Financial Planning;Jul2006, Vol. 19 Issue 7, p42
Academic Journal
The article focuses on a life insurance marketing scheme that is being used in the United States. Investor-initiated life insurance allows applicants to make charitable donations. A retired real estate developer and millionaire, Mr. Smith, was approached by Acme Charity Funders concerning an investment life insurance policy. The Acme Charity proposal is examined, as well as the negative opinion of the New York Insurance Department. Topics include the repackaging and sale of life insurance policies and the expected revenues from this scheme.


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