About this episode
Some of the biggest firms on Wall Street are, at this very moment, waiting for thousands of strangers to die to reap their returns. Because there’s a market for life insurance policies. And it’s legal.
You don’t have to actually die to get some of your life insurance money. Thanks to a secondary market for life insurance policies, you might be able to claw back money from beyond the grave. You just sell your policy to an investor. So when you die, the payout goes to them, instead of your family or beneficiary.
On today’s show, how the wheels of finance transformed a desperate deal made during the AIDS crisis into a multi-billion dollar industry.
Support:
Read:
This episode was produced by Willa Rubin with help from Emma Peaslee. It was edited by Marianne McCune and fact-checked by Sierra Juarez. It was engineered by Cena Loffredo. Alex Goldmark is our executive producer.
Support public media with NPR+ and enjoy perks for over 25 podcasts like this one. This show’s perks include bonus episodes and sponsor-free listening. Learn more at plus.npr.org.
See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.
NPR Privacy Policy
You don’t have to actually die to get some of your life insurance money. Thanks to a secondary market for life insurance policies, you might be able to claw back money from beyond the grave. You just sell your policy to an investor. So when you die, the payout goes to them, instead of your family or beneficiary.
On today’s show, how the wheels of finance transformed a desperate deal made during the AIDS crisis into a multi-billion dollar industry.
Support:
Read:
- Our book: Planet Money: A Guide to the Economic Forces That Shape Your Life
- Our weekly longform Planet Money newsletter
- Our weekly Indicator round-up newsletter
This episode was produced by Willa Rubin with help from Emma Peaslee. It was edited by Marianne McCune and fact-checked by Sierra Juarez. It was engineered by Cena Loffredo. Alex Goldmark is our executive producer.
Support public media with NPR+ and enjoy perks for over 25 podcasts like this one. This show’s perks include bonus episodes and sponsor-free listening. Learn more at plus.npr.org.
See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.
NPR Privacy Policy
Get every episode summarized
Each time Planet Money publishes, we email you a written briefing from the transcript — the topics, who appeared, and any specific claims, with the ad reads skipped.
Email me new episodesFree for 3 shows. No card needed.
Hosts & guests
No transcript yet
This episode has not been transcribed. Request it and it moves to the front of the queue.
More episodes
More from Planet Money
The loan at the heart of a new foreclosure crisis
Planet Money
Sep 11, 202629:09completed
Cost-cutting, quiet guilt and the inflation generation
Planet Money
Sep 9, 202624:06completed
Trump drinks Venezuela’s milkshake
Planet Money
Sep 5, 202625:27completed
Love in the time of Palantir
Planet Money
Sep 2, 202625:47completed