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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) |
BelgianMadCow (1000+ posts) Send PM | Profile | Ignore | Fri Dec-14-07 11:13 PM Original message |
Please interpret: american life insurance policies are being sold as an investment here |
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TreasonousBastard (1000+ posts) Send PM | Profile | Ignore | Fri Dec-14-07 11:17 PM Response to Original message |
1. Need a bit more info. It could be a simple reinsurance... |
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BelgianMadCow (1000+ posts) Send PM | Profile | Ignore | Fri Dec-14-07 11:21 PM Response to Reply #1 |
3. It sounded like reinsurance |
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TreasonousBastard (1000+ posts) Send PM | Profile | Ignore | Fri Dec-14-07 11:52 PM Response to Reply #3 |
9. Lloyd's of London is just a... |
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LoZoccolo (1000+ posts) Send PM | Profile | Ignore | Fri Dec-14-07 11:17 PM Response to Original message |
2. Sounds like some kind of a rip-off. n/t |
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Fredda Weinberg (1000+ posts) Send PM | Profile | Ignore | Fri Dec-14-07 11:21 PM Response to Original message |
4. It's what they did with sub-prime. Bundle into instruments and |
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BelgianMadCow (1000+ posts) Send PM | Profile | Ignore | Fri Dec-14-07 11:23 PM Response to Reply #4 |
5. I feared as much. The "bundle" reference was made and made me go mmmm |
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Hand (1000+ posts) Send PM | Profile | Ignore | Fri Dec-14-07 11:26 PM Response to Reply #5 |
6. Yes, it's a probable burn. |
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Snarkoleptic (1000+ posts) Send PM | Profile | Ignore | Fri Dec-14-07 11:40 PM Response to Original message |
7. Life insurance is a huge rip-off when used as an investment vehicle. |
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warren pease (1000+ posts) Send PM | Profile | Ignore | Fri Dec-14-07 11:47 PM Response to Original message |
8. "betting on the life expectancy of americans..." |
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