The AIDS epidemic left many people with high-value life insurance policies and short life expectancies. The nature of the AIDS outbreak was primarily in single young otherwise healthy men who had well-paying jobs. Upon diagnosis AIDS victims were left with a very short life expectancies. The majority of these individuals didn’t have beneficiaries who were in need of the money to pay off debts after death. In this situation, there was a significant cluster of individuals who realized that the life insurance policies they possessed valued more to them as a benefit before dying than as a death benefit to someone else later. From this is where we get the term
The AIDS epidemic left many people with high-value life insurance policies and short life expectancies. The nature of the AIDS outbreak was primarily in single young otherwise healthy men who had well-paying jobs. Upon diagnosis AIDS victims were left with a very short life expectancies. The majority of these individuals didn’t have beneficiaries who were in need of the money to pay off debts after death. In this situation, there was a significant cluster of individuals who realized that the life insurance policies they possessed valued more to them as a benefit before dying than as a death benefit to someone else later. From this is where we get the term