Insurance
Apr. 18, 2002
Wagers on Life Spans of Seriously Ill Turn Costly
RANCHO MIRAGE - In 1998, Thomas A. Grossman placed a bet that a terminally ill stranger would die within two years. The Rancho Mirage attorney paid a dying man $70,000 for his life insurance policy. He expected that, when the patient, known as a "viator," died, he would receive the full value of the policy, representing a profit of 28 percent.
The Rancho Mirage attorney paid a dying man $70,000 for his life insurance policy. He expected that, when the patient, known as a "viator," died, he would receive the ...
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