[1]https://www.bloomberg.com/view/articles/2016-08-16/hedge-fund-manage
   r-profited-from-death-arbitrage
   "A vital function of the financial system is to shift risk, but that is
   mostly a euphemism. Finance can't make risks go away, or even really
   move them all that much. When the financial system shifts the risk of
   X happening from Y to Z, all that means is that Z gives Y money if X
   happens. If X was going to happen to Y, it's still going to happen to
   Y. But now Y gets money.
   Death is a central fact of human existence, the [2]fundamental datum
   that gives meaning to life, but it is also a risk -- you never know
   when it will happen! -- and so the financial industry has figured
   out ways to shift it. Not in any supernatural sense, I mean, but in the
   regular financial-industry sense: by giving people money when death
   happens to them. One cannot know for certain how much of a consolation
   that is."
   "Another vital function of the financial system is to brutally punish
   the mispricing of risk through arbitrage. Actually I don't really know
   how vital that one is, but people are pretty into it. If someone under-
   or overestimates a risk, someone else will find a way to make them pay
   for it. That's how markets, even the market for death, stay efficient."
   "The normal way to shift the risk of death is life insurance -- you
   die, the insurance company gives you money -- but there are other, more
   esoteric versions, and they are more susceptible to
   arbitrage.[3]One version involves "medium and long-term bonds and
   certificates of deposit ('CDs') that contain 'survivor options' or
   'death puts.'" Schematically, the idea is that a financial institution
   issues a bond that pays back $100 when it matures in 2040 or whatever.
   But if the buyer of the bond dies, he gets his $100 back
   immediately, instead of having to wait until 2040. He's still dead,
   though."
   [end of partial quote]
   AP ('Assassination Politics';  [4]https://cryptome.org/ap.htm  )  can
   be considered to be 'death arbitrage' with a few key differences:  The
   person who will die isn't part of the agreement, and doesn't profit
   when the initial deal is struck, nor later.
                   Jim Bell

References

   1. https://www.bloomberg.com/view/articles/2016-08-16/hedge-fund-manager-profited-from-death-arbitrage
   2. http://www.npr.org/programs/death/readings/stories/bart2.html
   3. https://www.sec.gov/litigation/admin/2016/33-10120.pdf
   4. https://cryptome.org/ap.htm