Quote:
Originally Posted by Michael G.
Run like hell.
They are a money maker for Insurance company's
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This is only for the young and it might sound ghoulish, but someone I met told me they invest in insurance policies. A broker feeds him information on people who cannot afford insurance and are not the best in health and he pays them a fee up front or a percentage to their families. They in turn let him become the owner and beneficiary.
He showed me the figures I was shocked; he is now paying 50K a year in premiums and if he outlives all of them, he's good for 1.8 million. This guy already made over a million. Most of us here in the TV are too old for this. But if you have a son or daughter, and they know an agent and don't mind the optics of this, they should talk it over with them. He swore this was perfectly legal.