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death futures

plural noun
life insurance policies of terminally ill people that are bought speculatively for a lump sum by a company, enabling it to collect the proceeds of the policies when the sufferers die
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Contemporary definitions for death futures

a term for a life insurance policy of a terminally ill person that is bought by a third party as an investment, which gives financial benefits to the ill person while alive and the investor upon the death; also called viatical investment

See viatical statement

Usage Note

US colloquial's 21st Century Lexicon
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