I first heard about this ghoulish way of making a buck on Clark Howard’s consumer advocate radio show.
Apparently, the way it works is you buy into a pool or buy an individual insurance policy of someone elderly or terminally ill at a discount, and then you make money if that person dies.
Here in Georgia, says Clark, it will soon be legislated illegal, but I was wondering if this is done in any of your states, and what your opinions are?
Thanks
Quasi
Perhaps a bit off topic, but in France there’s a type of arrangement called a “viatical lease.” The way it works is that a person, usually elderly, sells their house/condo to someone else for value, on the condition that they get to stay in the house/condo for life, rent free. That way, the elderly person has the money from the property, and the purchaser eventually gets the property. I assume that this sort of arrangment usually involves an elderly person without heirs (or, at least without heirs they want to leave their money to 
).
The reason this bit of trivia has stuck with me is that I read some years ago about a poor slob who bought an apartment on a viatical lease from the elderly lady who owned it. Only thing was, the poor slob had the bad luck/poor judgment to buy the apartment from the lady who eventually became the oldest living person in the world, as recognised by Guinness™! She ended up outliving him by a couple of decades or so, and he never got the apartment. 