How To Profit From Your Own Death -Weird Money

Did you know there is a way to invest in your own death?

We’re not talking about privatized morgues or… wait, maybe there’s something there.

Unfortunately, everyone dies. That’s right our precious little snowflake, even you.

(In fact, in the few seconds it took you to read that you marched a few seconds closer to your own demise.)

With so many “customers,” it seems like the business of death is a can’t miss a deal. There's cremation and funeral homes, tombstones, those weird giant rose wreath things that are placed in graveyards. Cemeteries could be a gold mine. A dark, depressing gold mine.

But that’s not what we are talking about either. No, we’re here to discuss life insurance policies.

How to profit from your own death with a life insurance policy

We’re not saying to go out and get a life insurance policy to make sure your loved ones are taken care of should anything untimely happen to you. Can you imagine?

No, we’re talking about how you can use a life insurance policy to profit from your own death.

In order for this to work, you need to find an insurance company that will issue an insurance policy that you can then turn around and sell.

Then, you need to find a life settlement company or broker. Let’s call them “The Company.” The Company then evaluates your policy like a mortician will inspect your stone-cold corpse and decide what your current life-trajectory is worth. Sorry bucko, it’s more probably more humbling than flattering.

The Company will then sell your policy to a buyer. We’ll call them The Buyer. The Buyer may be whoever... Hobo Joe or maybe one of your children. (You know which one we’re talking about.)

The Buyer then gives you a cash payout, while they continue to pay premiums. Upon your passing, they then receive a fat cash benefit.

That's called the life settlement.

And you?

Well, the way we look at it, living below your means is a great philosophy for people who are already dead. Slaves to a job they hate, doing work that could be replaced by machines, employed by a boss they don’t respect.

(By “people” we mean “some people”... not you, of course.)

Profit from your own death so you can live

That money you get from The Buyer, it’s yours to spend how you want. Vacation more, pay for your kid's college — in cash! Perhaps listen to the advice of your Rich Dad and invest it into that multi-unit apartment complex for all that cash flow… you know, like “some people” do.

And The Buyer, well they’re the ones who might profit from your death… or not.

If you die before your estimated life expectancy, The Buyer is likely to receive a higher return. But if you live longer… maybe they walk away with that expired Starbucks card.

Sure, if you sell your life insurance policy to a mobster or ex-wife you have basically incentivized them to murder you. But that only happens in Lifetime movies, right?

Facebook: @RobertKiyosaki

Twitter: @TheRealKiyosaki

Instagram: @TheRealKiyosaki

[TheRichDadChannel]

Tell us your thoughts on our new series, Weird Money!

[DrZona]

This is a concept that I hadn't heard of before, and I love the delivery. More Weird Money please!

[habofanoetlali]

This is a refreshing way of learning about money, because the humor keeps you captivated making the video less monotonous.

[luisjr.]

* Immediately runs out to get a life insurance policy *

[CeciliaTapia]

Interesting concept. Derek is epic.
This video series is going to be brilliant.

[adelaidehenderson]

Yes, I like, haha. Great combination of comedy and serious advice and it was easy to tell the difference which is something I think is important as I guide my kids through growing up with access to so many internet and media influences.

[trevorprobandt]

This is freaking fantastic!!!! More of this please, the subject and delivery are both spot on.

[bnew]

Very interesting... Didn't know anything about this.
The video was entertaining and informative, perfect host, perfect delivery... Thanks!

[jonathanmurray]

I think this series is going to be amazing!

[bebepaty]

Weird and Interesting advice at the same time. I would not have imagined that I could do this.

[chrisscoggins]

You know, I may not go and buy life insurance, but what I took home from this more than anything is to think outside the box. Would have never thought about this to invest. Thanks!

[JenniferLynnHoffman]

Delivery was fantastic. I'll be watching more.

[redahafiane]

Clearly loving it ! New ways of thinking!!

[ms.norris]

Feedback: this was the EXACT right length of the time, the content was timely and useful, the host was engaging and entertaining. I'm taking this advice and have subscribed to get notifications for this show.

Very well done!

[DrMocha]

I liked it. Informative and humorous on another level. Interested in the next episode.

[BillyTaylor]

Love it. Late night, couple of glasses of wine, 2x speed. Will be tuning in for more

[Paradys]

Those lessons and infos ARE Amazing !!
BRILLIANT topic 👍🏻. We want more

[JFKGames]

Thank you for helping change my mindset and views about money, Ive listened to almost all of the videos on this Channel, read rich Dad poor Dad, and look forward to reading fake. I honestly can't wait to continue putting this knowledge into action, and none of it would have been possible without the teachings of Robert and team!

[TheRedgirl]

thank you for the concept of the video - short and clear - nice humor align with education)

[owningit]

This approach makes these topics relatable and easy to digest. Humor and wit is a good way to retain the attention of the audience. Great approach!