Friday, March 20, 2009

 

Alleged STOLI Schemes Have Insurance Companies on Guard

"Think about it: Do you want just anyone to have a financial interest in your early demise?"

That will get your attention every time. And it is exactly what the insurance department in at least one state -- California in this instance -- has in mind on its website devoted to educating visitors about so-called "Stranger-Owned Life Insurance" or STOLI policies. Senior citizens are being targeted and insurance companies appear ready to fight back...

PR Newswire: Alleged STOLI Schemes Have Insurance Companies on Guard

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