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 ...

The Florida Supreme Court recently held that life insurance policies procured by investors through a STOLI scheme did not violate Florida’s insurable interest statute and could not be challenged after ...

For years, advisors have gone blissfully along in their planning for families and business owners, devising wonderfully helpful trusts and solving liquidity needs with the use of life insurance. Often ...

The plaintiff, a business that operated as a hotel, purchased insurance from the defendant intending to cover loss or damage to both its hotel and an adjoining restaurant property. The restaurant ...

NEW YORK CITY, NY / ACCESSWIRE / January 13, 2025 / People generally purchase insurance on themselves to help protect their loved ones or other beneficiaries with a death benefit.However, you can also ...

An individual owns a life insurance policy and the insurance company refuses to pay the death benefit claim when the insured dies. This scenario is not beyond the realm of possibility as many state ...

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 ...