Ameritas lawsuit: $5M New Jersey policy hid a STOLI connection
July 23, 2024 by John Hilton
Ameritas Life Insurance Co. is challenging another life insurance policy under New Jersey’s ban on stranger-originated life insurance (STOLI).
The insurer filed a lawsuit in federal court in March, claiming that a $5 million life policy from 2008 looks similar to an illegal STOLI attempt. Stranger-originated life insurance is a policy someone, usually an investor, buys on another person with whom they don’t have an existing relationship.
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Originally Posted at InsuranceNewsNet on July 17, 2024 by John Hilton.
Categories: Industry Articles