We are continuing our discussion of life insurance policies and different ways the policy owner can take advantage of a policy’s value. Our focus here is on one particular option: the life settlement.
In July 2014, we wrote a series of posts about stranger-originated life insurance policies and the efforts of various states, including Florida, to regulate, even to eliminate STOLIs. With STOLIs taking so much of the spotlight, though, life insurance companies found it difficult to explain legitimate ways to turn a policy into cash.
More than two years have passed since a sinkhole opened in Seffner, swallowing a portion of a house and killing a 37-year-old man. The victim’s body was never found. In time, the house was demolished, the sinkhole was filled and stabilized — or so authorities believed. The hole opened again in August.
This did not happen in Florida, but it shows just how quirky, even ridiculous insurance laws can be.
