By Sean Gregory King, JD, CPA, MAcc
Recently, Beckett Cantley and a few other commentators have attacked the idea of captive insurance companies investing into life insurance. Cantley’s recently managed to get his opinions on this topic published in a law review article here.
As I believe both the conclusion and the premises of Cantley’s article to be flawed, and I have expressed that view in various forums, I have been invited by Cantley , Hale Stewart, and others to respond with a “scholarly” article of my own refuting Cantley’s position.
However, as I do have a day job, I don’t have the luxury of a professorship that pays me to create marketing pieces for my side business under the pretext of a law review article, and I don’t have access to cadre of law students to assist in my research and writing efforts, I’m afraid that the below is the best that I can do, less than strictly “scholarly” though it may be. Even so, for the critical reader, one not susceptible to falling for irrational “arguments from authority”, the below should suffice to demonstrate that: (a) I know what I’m talking about, and (2) the Cantley paper is wrong in its conclusion and biased in its approach. Continue Reading