(2) That common law no longer applies, but section 3205-b requires that the policy purchase not be part of a STOLI
program designed to effectively allow a stranger to purchase a policy on the life of the insured.
Three years later the downsides of STOLI
have begun to come to light.
Gluten Free is available for a suggested retail price of $19.99 for a 750-ml.
In 2006, defendant Michael Binday assembled a network of independent brokers to assist his company, Advocate Brokerage Inc., in placing STOLI
He shares it with Don, but when Pete, the colleague no one finds particularly congenial, shows up, Roger tells Don to pour Pete a drink -- but not the Stoli
. "It was so telling of his opinion of Pete and of this new vodka,'' says Petrosky.
 The demise of stranger-originated life insurance (STOLI
and life settlements are two different things.
If you don't do STOLI
sales, what can you learn from their mistakes?
Under House Bill 660, stranger-originated life insurance, or STOLI
, is now illegal in New Hampshire.
Life settlements are often mentioned in the same breath as stranger-originated life insurance (STOLI
), in which a third party takes out a life insurance policy on a person that they usually don't have an insurable interest in.
In October 2007, King filed suit against an insurance services company and the people who steered him into a Stranger Originated Life Insurance (STOLI
Stranger-originated life insurance (STOLI
), also known as investor-owned, investor-initiated and investor-originated life insurance, includes a variety of plans, or "schemes," to purchase large amounts of life insurance with the present intention of benefiting outside investors.