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Click to View Letter to Congress Regarding Issues with STOLI Policies

November 16, 2007
The deal offered to affluent seniors sounds awfully good: two years of free life insurance, plus a luxury car, a cruise, or a cash payment. All you have to do is take out a multimillion-dollar life insurance policy with a loan you're not obligated to repay and sell or transfer the policy in a couple of years ...Letter by Richard E. Neal and Phil English written to Henry M. Paulson, Secretary of the United States Department of Treasury ...
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Business Week
 

Click to View Death Bonds

July 30, 2007
Inside Wall Street's most macabre investment scheme yet ...
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Business Week
 

Click to View The High Price of Free Insurance

April 23, 2007
The deal offered to affluent seniors sounds awfully good: two years of free life insurance, plus a luxury car, a cruise, or a cash payment. All you have to do is take out a multimillion-dollar life insurance policy with a loan you're not obligated to repay and sell or transfer the policy in a couple of years ...
more