What are life insurance transactions that are marketed to senior citizens and a possible method of fraud called?
A) Stronger-owned life insurance (STOLI) or investor-owned life insurance (IOLI)
B) Stranger-owned life insurance (STOLI) or insured-owned life insurance (IOLI)
C) Senior-owned life insurance (STOLI) or insured-owned life insurance (IOLI)
D) Stranger-owned life insurance (STOLI) or investor-owned life insurance (IOLI)"
Ans: D) Stranger-owned life insurance (STOLI) or investor-owned life insurance (IOLI)"
Business