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New York Times: ‘High-Risk’ Viaticals May Have Contributed to Debt Problems for Virgin Islands

The pension system for the Virgin Islands has been “chasing high returns by investing in high-risk assets, like a $50 million placement in life viaticals — an insurance play that is, in effect, a bet that a selected group of elderly people will die soon.”

That is a line from an article with the headline After Puerto Rico’s Debt Crisis, Worries Shift To Virgin Islands, available here.

 

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