Appeals court rejects investor payouts in latest decision against STOLI
June 17, 2026 by John Hilton
A federal appeals court upheld a lower court ruling last week that voided two life insurance policies with a combined face value of $8 million, finding they were illegal stranger-originated life insurance, or STOLI, policies under New Jersey law.
The Court of Appeals for the Third Circuit affirmed summary judgment in favor of Lincoln National Life Insurance Co., rejecting claims by Retirement Value LLC, which sought to collect death benefits after the insured, Haya Majerovic, died in 2019.
Originally Posted at InsuranceNewsNet on Jun 15, 2026 by John Hilton.
Categories: Industry Articles
