death futures

death futures

pl n
(Insurance) life insurance policies of terminally ill people that are bought speculatively for a lump sum by a company, enabling it to collect the proceeds of the policies when the sufferers die
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References in periodicals archive ?
The firms are distributing leaflets at practises, advertising 'death futures' - schemes aimed particularly at the terminally ill.
British charity Life Benefit Resources has been trading in 'death futures' for the past 10 years.