Life Insurance investment strategy...
Find an AIDS victim, buy their life insurance policy for less than the death benefit, wait till they pass and collect the death benefit... It happens in the US. Definitely controversial. Or find a cash strapped senior citizen that has a life insurance policy, you offer to give them cash up front for the irrevocable beneficiary rights to their policy... When they pass away you get the full death benefit (obviously less than you paid them). I am not recommending this strategy at all but I found the concept very interesting.
Buy someone's life insurance at a discount...
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