Stranger Originated Life Insurance Lawsuits

Third Party Ownership of Life Insurance Policies

Stranger originated life insurance policies: life insurance policies that are owned by someone without an insurable interest in the life of the insured.

Also referred to as “zero premium life insurance” “estate maximization plans” “no cost to the insured plans” “new issue life settlements” “high net worth
settlements” “non recourse premium transactions” “Spin-Life”
.

US state laws generally require the owner of life insurance policy to have an insurable interest in the life of the insured. STOLI arrangements circumvent
that requirement, and they were declared illegal on July 1, 2010
Types of Policies
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LIFE INSURANCE LITIGATION
O F F I C E  o f  L A N C E   W A L L A C H
www.lifeinsurancelitigation.net  | 516-938-5007
LIFE INSURANCE
L
ITIGATION
O F F I C E  o f  L A N C E   W A L L A C H
www.lifeinsurancelitigation.net  | 516-938-5007

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