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Which of the Following Statements Is (Are)true Concerning Stranger-Owned Life

question 51

Multiple Choice

Which of the following statements is (are) true concerning stranger-owned life insurance (STOLI) ?
I.Life insurers welcome the sale of life insurance contracts used in STOLI arrangements.
II.At least one of the investors who purchases the policy must have an insurable interest in the insured.


Definitions:

Life Span

The duration of time from an organism's birth to its death.

Shaping Process

A technique in behavioral psychology used to teach new behaviors by successively reinforcing behaviors that approximate the target behavior.

Drug Addict

An individual who has developed a dependence on a substance, leading to psychological and/or physical addiction.

Mother's Bloodstream

The circulatory system of a pregnant woman through which nutrients, gases, and wastes are exchanged with the fetus.

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