How the AIDS crisis birthed a multibillion-dollar life-settlement industry
The life-settlement industry — where investors buy someone's life insurance policy and collect the payout upon their death — traces its roots to the AIDS crisis of the 1980s and 1990s. Dying patients needed cash urgently and sold their policies at a discount. Today the market is worth billions of dollars globally, with investors essentially speculating on strangers' lifespans. The practice continues to raise significant ethical concerns.
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