Some time back [ed: that would be July of �05] , we reported on a horrific sales contest that rewarded insurance agents who adopted a �Bin Laden strategy� in their sales efforts. Although it was beyond tasteless, it was an essentially harmless bit of corporate stupidity; the only ones hurt were the managers who came up with this idiotic scheme.
Unfortunately, life has imitated art, after a fashion: Jordan�s Arab Bank has set up a quasi-insurance plan for families of Palestinian homicide-bombers. The �deal� is fairly simple, if not disgusting:
�In February 2002, a similar ad was placed in another publication, Al Hayat Al Jadeeda, again asking families of "martyrs" to go to the Arab Bank in order "to receive the tenth payment, totaling $5,316 for each family, donated by the Saudi committee." The generous donors ended up giving $1,594,980 to some 300 families in the occupied territories via the Arab Bank.�
Basically, the terrorists� families are instructed to open an account at their local branch, into which will be deposited some $5,000. It�s not really �life insurance,� since there�s no underwriting or an actual policy (among other issues). But since someone has to die in order for a �beneficiary� to collect, it certainly mimics such a plan.
Words fail me.
Unfortunately, life has imitated art, after a fashion: Jordan�s Arab Bank has set up a quasi-insurance plan for families of Palestinian homicide-bombers. The �deal� is fairly simple, if not disgusting:
�In February 2002, a similar ad was placed in another publication, Al Hayat Al Jadeeda, again asking families of "martyrs" to go to the Arab Bank in order "to receive the tenth payment, totaling $5,316 for each family, donated by the Saudi committee." The generous donors ended up giving $1,594,980 to some 300 families in the occupied territories via the Arab Bank.�
Basically, the terrorists� families are instructed to open an account at their local branch, into which will be deposited some $5,000. It�s not really �life insurance,� since there�s no underwriting or an actual policy (among other issues). But since someone has to die in order for a �beneficiary� to collect, it certainly mimics such a plan.
Words fail me.

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