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2. Can you take a life insurance policy out on anyone?

   www.aol.com/finance/life-insurance-policy-anyone...

   Beneficiary: This is the person or people listed on the life insurance policy who will receive the death benefit when the insured dies. Beneficiaries can also be trusts, estates or organizations.

3. Stranger-originated life insurance - Wikipedia

   en.wikipedia.org/wiki/Stranger-originated_life...

   Stranger-originated life insurance ("STOLI") generally means any act, practice, or arrangement, at or prior to policy issuance, to initiate or facilitate the issuance of a life insurance policy for the intended benefit of a person who, at the time of policy origination, does not have an insurable interest in the life of the insured under the laws of the applicable state. [1]

4. Insurable interest - Wikipedia

   en.wikipedia.org/wiki/Insurable_interest

   The principle of insurable interest on life insurance is that a person or organization can obtain an insurance policy on the life of another person if the person or organization obtaining the insurance values the life of the insured more than the amount of the policy. In this way, insurance can compensate for loss.

5. Life insurance - Wikipedia

   en.wikipedia.org/wiki/Life_insurance

   Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person.

6. Life Insurance: How to Choose The Best Option for You ... - AOL

   www.aol.com/life-insurance-choose-best-option...

   Term Life Insurance Policies . Term life insurance provides temporary coverage for a specific period, usually ranging from 5 to 30 years. These policies offer high coverage amounts, often up to $5 ...

7. Key man insurance: What it is and how it works - AOL

   www.aol.com/finance/key-man-insurance-works...

   Key man insurance is a type of life insurance policy that companies purchase on the life of a founder, owner or critical employee. It’s also called key person or key employee insurance.