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No. of Recommendations: 2
Seen in Dallas paper today

12% annual return over 12 months
21% return over 18 months
CD quality safety
perfect for IRAs


In the fine print, "viatical contracts" - basically you are paying of a life insurance contract ahead of time, hoping that the individual, who allegedly has terminal disease and will die within short time, is actually going to die. He/She gets the money early to live on. You pay off life insurance amount, minus your assumed interest to assumed date of demise, and other big fees, and then wait for said individual to actually die, and the life insurance to be you then. Of course, if the individual no longer makes payments, you'd better since it won't be there....and if the individual lives 5 or 10 years, your interest goes down to near many who bet on AIDS patients dying quickly, and who with new drugs managed to live five or ten or 15 or longer years, have found out. Or in some cases, outright fraud when the individual really didn't have terminal pancreatic cancer (just indigestion) or similar.

No free lunch.

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