This is a class discussion not an essay:
Viatical settlements and accelerated life insurance benefits allow the terminally ill elderly to sacrifice the quantity of their potential payout in an insurance agreement in order to obtain funds rapidly. On one hand, this provides a mutually beneficial arrangement by which the elderly client can obtain funds he or she could not have acquired otherwise. However, one could also criticize this exchange as one that capitalizes on the vulnerabilities of the terminally ill who lack resources.
Please respond to all of the following prompts:
- How would you assess the ethical implications of these policies?
- How has government regulation strived to ensure that neither side of the equation is treated unjustly?
- Are these regulations effective? Why or why not?