Death Takes a [Variable Annuity] Insurance Policy

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How a Lawyer Exploited the Fine Print and Found Himself Facing Federal Charges

By Jake Bernstein / @Jake_Bernstein / ProPublica

The Industry

The life insurance industry tried to make variable annuities irresistible to investors and was enraged when a Rhode Island lawyer exploited the fine print for his own profit.

The Story

This story was co-reported with This American Life from WBEZ Chicago and NPR’s Planet Money.

Video: Excerpts of Video Depositions in the Case Against Joseph Caramadre

Link: http://www.propublica.org/article/death-takes-a-policy-how-a-lawyer-exploited-the-fine-print

 skeleton

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One Response

  1. When Is It Acceptable to Profit From Death?
    [A VOTING OPINION POLL]

    The story of Joseph Caramadre above – a wealthy Rhode Island attorney and philanthropist – pushes the boundaries of how much we are willing to put a price on death.

    http://www.propublica.org/article/when-is-it-acceptable-to-profit-from-death#

    So, please vote.

    Ann Miller RN MHA

    Like

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