‘A cash advance on your death’: the strange, morbid world of Aids profiteering
In Oscar-shortlisted documentary short Cashing Out, a little-known industry that saw dying LGBTQ+ people sell their life insurance policies is remembered
TL;DR
- The documentary 'Cashing Out' explores the industry of viatical settlements, where terminally ill individuals sold their life insurance policies.
- This practice offered financial relief for many, particularly gay men with AIDS, enabling them to cover living expenses or enjoy their final months.
- Director Matt Nadel discovered his father had invested in this industry, prompting an investigation into its history and ethical implications.
- The film highlights disparities, noting that while some white gay men benefited, marginalized communities like Black trans women with AIDS often lacked access to such opportunities.
- Developments in HIV/AIDS treatment led to longer lifespans, altering the viatical settlement market and affecting investors.
- The documentary serves as a commentary on the precariousness of the US healthcare system and the need for community support.