Survivor Puts--bonds that elderly should own

Did you know that you can buy bonds issued by companies such as GMAC, Ford, Catepillar, CIT, and others that when the owner of the bonds passes on, the beneficiaries can put the bond back to the issuer and get par for them (100). It's called a Survivor or Death Put. Many of these bonds now are selling at 50 cents on the dollar and you can collect very juicy premiums (10-12% or more) for these bonds while you wait, you just have to be sure that the company isn't going to declare bankruptcy before they pay you off! You can buy a 30 year Ford or Catepillar bond and if the person dies next year, get 100 cents on the dollar for it. Not all bonds have this survivor put, so be sure to ask your advisor to make sure they have them. Is it a little morbid?? Yes, of course it is, but I think if people are over 80 years old, they should all own some of these. It would benefit their heirs greatly.

Happy Investing...

Ivan