PlanMaestro Posted August 24, 2012 Share Posted August 24, 2012 Fascinating read either as a legal, personal, investing, or industry case. Especially if you are investing in AIG or Hartford. Who could have thought that variable annuities could be so interesting. If you won, you keep the winnings. If you lose, they give you your money back, - Joe Caramadre. Death Takes a Policy: How a Lawyer Exploited the Fine Print and Found Himself Facing Federal Charges http://www.propublica.org/article/death-takes-a-policy-how-a-lawyer-exploited-the-fine-print Excerpts of Video Depositions in the Case Against Joseph Caramadre http://www.propublica.org/article/excerpts-of-video-depositions-in-the-case-against-joseph-caramadre Link to comment Share on other sites More sharing options...
rranjan Posted August 24, 2012 Share Posted August 24, 2012 It was an interesting read. Link to comment Share on other sites More sharing options...
Hielko Posted August 24, 2012 Share Posted August 24, 2012 Yes indeed, interesting. Link to comment Share on other sites More sharing options...
matjone Posted August 25, 2012 Share Posted August 25, 2012 What is interesting about this story, among other things, is that you can walk up to someone and hand them two thousand bucks, and they still end up mad at you because you made more than they did. Link to comment Share on other sites More sharing options...
craigatk Posted August 27, 2012 Share Posted August 27, 2012 Profiting off somebody else's death is not a way to make friends. Look at how many ancient civilizations have shunned undertakers for one. It was a fascinating read. Thanks for sharing. Link to comment Share on other sites More sharing options...
Rabbitisrich Posted August 27, 2012 Share Posted August 27, 2012 What is interesting about this story, among other things, is that you can walk up to someone and hand them two thousand bucks, and they still end up mad at you because you made more than they did. Hah, well if your business strategy involves bargaining with the terminally ill and their loved ones in the months prior to expected death, then I think that you lose some rights to indignation. Link to comment Share on other sites More sharing options...
PlanMaestro Posted August 28, 2012 Author Share Posted August 28, 2012 Now Ira Glass picks up the story for The American Life Death Takes a Policy. http://www.thisamericanlife.org/radio-archives/episode/473/loopholes?act=1 Link to comment Share on other sites More sharing options...
PlanMaestro Posted February 14, 2013 Author Share Posted February 14, 2013 Warren Buffett turns his eye to annuities. http://www.marketwatch.com/story/warren-buffett-turns-his-eye-to-annuities-2013-02-12?link=mw_story_kiosk David Merkel on the deal. http://seekingalpha.com/article/1183081-berkshire-hathaway-and-variable-annuities?source=email_authors_alerts&ifp=0 Link to comment Share on other sites More sharing options...
PlanMaestro Posted June 27, 2013 Author Share Posted June 27, 2013 And more from Berkshire … Buffett Adds $1.75 Billion in Hartford Annuity Deal http://www.bloomberg.com/news/2013-06-27/hartford-to-sell-u-k-variable-annuity-business-to-berkshire-1-.html Link to comment Share on other sites More sharing options...
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