@SeaGreenEyez It has become a reasonably competitive efficient market. There are a number of companies that buy up the policies for resale, then there are companies that hold the policies in a portfolio. Here is one of the largest:

[vidacapitalinc.com]

Before people and companies entered in to this space, many policies were cancelled due the inability of the terminally ill people to make their premium payments.

The people who buy these policies from the terminally ill are transferring the insurance company profits to the people who purchased the insurance policies. It has been so good for consumers, and so bad for insurance companies, that in many states, insurance companies have had to go back to the state insurance regulators to increase their premiums, because they have lost a source of easy profits.

@SeaGreenEyez @BD66 You might wish to delve deeper than a simple Google search.

>>> I have devled much deeper. I know Jeff Serra, the CEO of Vida Capital, quite well, and I was considering dropping one or two million into his hedge fund back in early 2018.

[vidacapitalinc.com]

STOLI stranger owned life insurance
[investopedia.com]

What Is Stranger-Owned Life Insurance?
Stranger-owned life insurance (STOLI) is an arrangement in which an investor holds a life insurance policy without insurable interest on the insured. Without insurable interest, the investor would ordinarily be prohibited from purchasing the original policy. Because of this, STOLI policies are generally illegal and difficult to obtain.

If you want to sell your insurance to a Wall Street broker who simply garners commission upon your death, that's entirely up to you. That's what your advocating here. That's an entirely different discussion than what I posted in the OP above. Same thing, however. It's unethical, amoral and in most cases, illegal.

>>>> I have already defined the benefits of Stranger Owned Life Insurance to life insurance consumers. The people who lose are insurance companies. They have lobbied legislatures and courts to make Stranger Owned Life Insurance illegal because they want to keep making the easy profits.

It's also deemed predatory. Because why?????? It doesn't matter how much you get for your insurance policy because the government is going to take it away from you. It takes a money to retire in America. Unless you're independently wealthy, you're going to use Medicare. It's the only health system we've got. And they're going to limit your assets, income. They're going to make you use that money without governmental assistance until it's gone and it's going to be gone quickly.

>>> It is deemed predatory because the insurance companies want to keep making their easy profits. The insurance company is the predator. They want to collect premium payments for the life of the policy holder, then see the premium payments lapse so they don't have to make a death payment. People like Jeff Serra were making sure the policy holders got a large percentage of their death benefit rather than nothing. The insurance companies have since been lobbying hard to make the practice "illegal"

In addition, there are cases all across America in the Appellate phrase that are saying, "Nope. Insurance fraud. And nope. Corporations aren't going to cash in on someone's life insurance policy because corporations aren't people and life insurance isn't tangible monies for investments."

>> The insurance companies are either bribing the appellate court judges, or the judges are too ignorant to understand that they are ruling in favor of insurance companies and against terminally ill policy holders.

It's the newest in ponzi-schemes. Buying something that's worth nothing, yet claiming it's worth x, y or z to invest elsewhere.

>> It's no Ponzi scheme. Vida Capital has been around since 2009, and they have generated steady profits for their investors.

Standard stuff in the world of scams. Just because someone buys a spot on a link in a Google search doesn't make it a legitimate company or a legal option.

Appeals Courts Are Setting Precedent To Halt Illegal 'Insurance Investing' scams
[reuters.com]

(Reuters) - Sun Life Assurance of Canada does not have to pay a $5 million death benefit on a life insurance policy because it was an illegal “wager on the life of a stranger,” a federal appeals court held.

>>>> The courts are literally ruling in favor of insurance companies and agains terminally ill people.

The 7th U.S. Circuit Court of Appeals affirmed on Wednesday that former Illinois business owner Robert Corwell was acting as a straw man for an investment company, Coventry Capital, when he “seemed to buy” a policy on his own life in 2006.

Investigations into Vida Longevity
[investorlawyers.com]