Stranger-owned life insurance involves buying a policy on someone you don't know and is generally illegal. Learn why this unethical practice is prohibited and its implications.

Wells Fargo tentatively settled another federal lawsuit over what plaintiffs are calling a stranger-originated life insurance (STOLI) policy. U.S. District Judge Zahid N. Quraishi signed a 60-day ...

A federal lawsuit over what plaintiffs are calling a stranger-originated life insurance (STOLI) policy will continue after a judge denied Wells Fargo's motion to apply New York law to the case.

The lawsuit, filed April 26 in Delaware Chancery Court, was filed against Wilmington Savings Fund Society Fsb, Wells Fargo Delaware Trust Company, N.A., Wells Fargo ...

Sex, violence and stranger-originated life insurance are at the center of a new novel, “The Death Bond Conspiracy,” written by an unusual author — an insurance agent. P.A. “Corky” Gillis, an associate ...

The estate of a Delaware woman is suing after it says a group of investors took out a life insurance policy on her. The lawsuit, filed April 26 in Delaware Chancery Court, was filed against Wilmington ...

The estate of a Delaware woman is suing after it says a group of investors took out a life insurance policy on her. Getty Images The estate of a Delaware woman is suing after it says a group of ...