Quimbee logo
DMCA.com Protection Status

Stranger-Owned Life-Insurance (STOLI) Scheme:

Definition

An arrangement in which someone who does not know the person insured under a life-insurance policy and lacks an insurable interest in it nonetheless becomes an investor in the policy with an ownership interest or an interest in the proceeds. Most American jurisdictions prohibit STOLI schemes, considering them to be illicit wagers on someone else’s life.

Related Rules


Mauris finibus odio eu maximus interdum. Ut ultricies suscipit justo in bibendum. Sed eu magna efficitur, luctus lorem ut, tincidunt arcu. Praesent varius sit amet erat hendrerit placerat. In posuere eget ante id facilisis. Integer semper venenatis felis lacinia malesuada.

Sun Life Assurance Company of Canada v. Wells Fargo Bank