Stranger Originated Life Insurance

The STOLI may require the cooperation of the insured, for example for allowing access to medical records; the insured may get a fee for this. A similar arrangement is known as Spin-Life. . A stranger-originated life insurance (STOLI) is a life insurance arrangement, in which a stranger initiates an insurance policy against someone s life and fund the premium payments.

The stranger may do this as investment for himself or on behalf of an investor, or at his own risk for the purpose of reselling the policy to an investor.
 
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