TITLE

Whew! Such a Deal

AUTHOR(S)
Katt, Peter C.
PUB. DATE
July 2006
SOURCE
Journal of Financial Planning;Jul2006, Vol. 19 Issue 7, p42
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
22065592

 

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