The Ethics of Life Insurance Investments

This chapter explores the controversial practice of trading life insurance policies as investments, particularly through the lens of the merger involving Paramount and Sherry Redstone, and the financial troubles of Bill Wang and Archegos. It delves into legal challenges and ethical dilemmas presented by practices like stranger originated life insurance (STOLI), discussing the implications of 'death bets' on society and the insurance market. The chapter raises critical questions about the morality of profiting from life insurance payouts and the potential for exploitation within this complex financial landscape.