Consumers looking to compare insurance quotes on life insurance policies in New York may want to consider a new court-approved option.,Louis Vuitton 2012 louis vuitton handbags ebay,louis vuitton 2012 sale
New York's Court of Appeals ruled Wednesday to allow consumers to buy life insurance policies and then sell the coverage to investors.
The court, in a 5-2 ruling, settled the question of whether a third party could buy an insurance policy without benefiting from its coverage,Louis Vuitton Monogram Sude, CNBC says.
Despite the decision, the dissenters held strong opinions about the law.
"Even if we ignore the possibility that the owner of the policy will be tempted to murder the insured, this kind of 'insurance' has nothing to be said for it," Judge Robert Smith said. "It louis vuitton fake handbags exists only to enable a bettor with superior knowledge of the insured's health to pick an insurance company's pocket."
The ruling stemmed from a case louis vuitton handbags outlet in which an investor, Lifemark, paid $1.9 million for the life insurance of New York resident,louis vuitton  m40249 louis vuitton handbags, Arthur Kramer, the news source says. The investment company then padded its bank accounts by cashing in on the $10 million policy when Kramer died. Kramer is survived by his wife and children.
In the United States, life insurance policy trading is a $160 billion dollar a year industry.
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Ryan Fields is a personal finance journalist for louis vuitton bags e-wisdom.com who covers a range of finance topics, including current replica louis vuitton review trends with , , insurance rates, and mortgage loans.