Life insurance isn’t just for protecting your own financial future; you can also purchase policies for others, provided you have insurable interest and their consent. Insurable interest is a key ...
This alert covers the current law on stranger-originated life insurance (“STOLI”) policies in 14 different states and includes updates concerning the following developments: Man walks into a ...
In life insurance, you have an "insurable interest" in another person when the death of that person would cause you a financial loss or other hardship. Insurable interest can be present in many ...
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