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General News 11/20/2009 at 2:14 PM EST

Short Selling American Lives: Deutsche Bank Life Insurance Fund in Hot Water

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The closed-end funds buy life insurance policies from Americans and assume responsibility for paying their future premiums. When the original policy-holder dies, the entire payout goes to the fund. It is like short-selling US life expectancy.

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At www.spiegel.de

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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

Related Topic(s): Banking Fraud; Deutsche Bank; Insurance Industry; Selling America, Add Tags

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