Ah yes the viatical market for life insurance policies. Fun fact, it was started during the AIDS crisishttps://twitter.com/apocalypticanow/status/811289501519773696 …
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Replying to @arthur_affect
The word "viatical" is a euphemism for stuff dealing a deathbeds ("viatpr" is Latin for "traveler", as in traveling beyond death's door)
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Replying to @arthur_affect
They switched from "viatical market" to just "settlement market" to make it sound less ghoulish
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Replying to @arthur_affect
FWIW math-wise there is such a market mainly bc in the middle and upper classes ppl get pushed to overbuy life insurance
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Replying to @arthur_affect
AIDS led to the viatical market bc it was a spike of young professionals w terminal illness likely to be estranged from their families
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Replying to @arthur_affect
The creation and transfer of "insurable interest" is one of those dark things about the industry
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Cf slave owners taking out a form of property insurance on enslaved laborers
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