LifeSettlement

At 89, Betty White is America's sweetheart. This elder stateswoman of show business was recently named the country's most trusted celebrity -- and she's just thrown her prestige behind William Page and Associates' "life settlements."

Investors large and small are looking for a new way to return to the juicy profit level of sub-prime's heyday, and one product beginning to gain popularity is life settlement funds, AKA Grim Reaper funds. In a life settlement, investors pay the elderly cash today in return for the money from...

Update May 2009: The IRS has issued a couple of ruling recently that could affect taxation on viaticals, so check with your accountant before dipping into this market. Yes, you did buy that life insurance for a reason and you may have family members who would desperately need the proceeds in the...