No Evidence That ‘Stranger Investors’ Procured Policy, Appellant Argues To 6th Circuit

Mealey's (March 5, 2018, 1:55 PM EST) -- CINCINNATI — The sixth assignee of the ownership rights in a life insurance policy has asked the Sixth Circuit U.S. Court of Appeals to reverse a lower federal court’s finding that the policy constitutes a stranger-originated life insurance (STOLI) scheme, violates public policy and is void ab initio (Conestoga Trust Services v. Sun Life Assurance, 17-5877, 17-5895, 6th Cir.)....