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Life Insurance Blog

Bank Sued over STOLI Scam

Recent news in the life insurance market has featured some disturbing stories regarding the manipulation of elderly Americans by scam-artists intent on taking out STOLI policies, or Stranger Oriented Life Insurance policies, and using them to cheat insurance companies out of millions of dollars.
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AIG Plans to Sell AIA to Prudential

American International Group, Inc. (AIG), under the legal counsel of Debevoise & Plimpton LLP, announced plans to sell American International Assurance (AIA), world’s leading pan-Asian life insurance group, to Prudential plc (Prudential).
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Susie Orman explaining Life Insurance

A sweet 30 something woman asked her "I am married with two young children. Our financial advisor signed us up for a variable life insurance on my husband, we pay $600 a month with a death benefit of $750,000. We had it for 6 years and I have never felt comfortable about it and I am wondering what we should do.
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