A typical life insurance is a contract that requires the insurer to compensate the dependents for the death of the insured, upon payment of a premium. Its value is related to financial security and comfort that the benefit provides to the family of the deceased. However, with the possibility of surrender and high discounts imposed by the insurer, emerged the possibility of a secondary market, with the issuance of a title - the death bond - backed by life insurance contracts, whose rate of return for the investor depends on the time elapsed until the death of former recipient. This work aims to analyze the viability of this market by using simulations from the pricing of the insurer under the contract until the pricing of these securities by the secondary market. Moreover, in assessing the impacts of possible failures in this market, we were able to identify not only the target audience of the new product that make larger gains for investors, but also we quantify the potential financial returns for different scenarios. We calculated the expected rates of return by the investor in two scenarios: in the first one,  pricing was based on a standard mortality table; in the second one it was used an aggravated table for cancer patients. The main conclusion is that, although the first scenario it is a low attractive investment, the results obtained in the second scenario points to a very attractive product for investors, since the rates of return are very high and the standard deviations are very low for the death bond.