STOLI - What you don't know may cost you [Munich RE]

Michael Miller and Gregory Star contributed an article to Munich Re discussing stranger-oriented life insurance, "STOLI," and the effect it has on people today. They explain how as revealed in many of the STOLI cases recently litigated, brokers would often materially misrepresent the insured’s financial status, obtain falsely inflated financial disclosures from non-existent financial advisers and accountants, and otherwise lead the insurers into believing that these policies were needed for valid purposes, such as estate planning. 

To read the full article, click here.

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Michael J. Miller

Chair, Life Insurance & Annuities
Co-Chair, Software

(215) 665-4114

Gregory J. Star

Vice Chair, Life Insurance & Annuities
Co-Chair, Software

(215) 665-4110

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