Young Michael Martin is about to marry his fiancée Asta, when his foster father, Captain Weston, announces the term of his will -- in order to inherit the family fortune Michael will have to remain a bachelor.

The suicidal gambler Tom Haget receives an invitation to The Club of the Living Dead, whose members apparently see it as their task to help each other to "end this empty earthly existence" according to a lottery system. At the same time, an acquaintance of Tom Haget, Lieutenant Dick Huntley, receives an assignment from his superiors to go to a distant destination with a large sum of money. However, Huntley is hit by a car, unconscious and without ID documents he ends up in a hospital, is reported missing, and it is widely suspected that he ran away with the money. Confused and desperate Huntley meets Haget and gets an invitation to the Club of the Living Dead.