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Quote-a-Day Gifts
Insurance facts, terms, people, websites, history, and events in a calendar. Each day of the calendar year contains an interesting reference devoted to the Insurance industry.  Practical, informative and entertaining.

Insurance

August 19, 2017
PrintedOwl.com
North Dakota was the first state to ban "stranger-originated" life insurance policies. This scheme, referred to as a STOLI, works as follows: A person promises to pay the premiums for a life insurance policy that covers another individual while providing a one-time cash payment in exchange for being named the policy's beneficiary. That beneficiary collects when the covered individual dies.
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