Wednesday, May 7, 2014
On the face of it, Donald Sterling could be a very attractive life insurance candidate. The 80-year-old Sterling’s net worth is $1.9 billion while the Los Angeles Clippers are worth around $430 million by itself. The premium for his policy would probably be very high, leading to a huge case for a life insurance producer willing to take the risk.
However, do his more reprehensible qualities pose too many underwriting challenges? His many legal entanglements, involvement with prostitutes, and stress-induced maladies from a bitter marriage may just be too much.
See Steven Kobrin, Would You Sell Life Insurance to Donald Sterling?, Producers Web, May 2, 2014.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.