The Lindberg Church of Christ in Anderson, Indiana came up with a different way to handle a construction and renovation loan. Seizing on a plan to pay back the loan, they took a less conventional route.
church leaders took out life insurance policies on 11 of their older members to cover construction and renovation projects.
Herald Bulletin, “Church failed financial plan“
However noble their cause, the plan had a few hitches.
the plan fell through when there was no market to sell the life insurance policies and “the insureds continued to live,”
Terribly inconsiderate of their parishioners, don’t you think?