Saturday, April 7, 2012

You Bet You Life....

I have become increasingly interested in the problem of third party life insurance. Wrote about it once before, here.

But EE fan MB, Esq., writes with this:

"When I thumbed through this month's California Lawyer, I was reminded of several including "euvoluntary" transactions) and moral hazard (a recurring mention on Econ talk).

The cover article, "You Bet Your Life," discusses (although not in great depth) how the law struggles with apparently voluntary agreements to sell one's future life insurance benefits to a third party."

Is it voluntary? Is it euvoluntary? Should it be legal?

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Do you have suggestions on where we could find more examples of this phenomenon?