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[chronicle_moderator]

In the wake of Oklahoma State University's announcement this spring that it had secured some $270-million for its athletics program by taking out life-insurance policies on 27 boosters, nearly 100 other colleges have started to consider life-insurance policies on wealthy alumni as well. But some analysts say that insurance companies and venture capitalists are the players that come out ahead in such deals -- and that some of the financing mechanisms violate state laws. Is it wise to invest in insurance policies? What legal and moral issues are involved?
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[dr_crankypants]

Interesting idea, but kind of creepy. 

And I just can't escape the feeling that anybody who views insurance as a good investment (rather than protection for unseen circumstances) is deluding him/herself.  Or homicidal.

[fluff1955]

As strange and perverted as this seems, individuals have been making a their livings doing this for years.  It came as a great surprise to me several years ago, that anyone can take out a life insurance policy on anyone else.  As long as you continue to make the premium payments, you will collect when the insured individual dies.  I think the whole thing is about as twisted as you can get!