The STANDUP for Seniors Coalition opposes any legislative effort that will encourage or permit Stranger-originated Life Insurance (STOLI) schemes that perpetuate fraud against seniors.

In 2008, the Florida Legislature recognized the dangers of these predatory schemes and amended the insurable interest statute to help further protect seniors and their families.

Any changes to current law, that would remove consumer protections for Florida seniors against predatory investment schemes and promote STOLI fraud in Florida, should be rejected.

The STANDUP for Seniors Coalition consists of individuals and noted senior advocates, such as the 60 Plus Association and other concerned parties, such as the American Legion, the American Council of Life Insurers (ACLI), the Florida Insurance Council (FIC), and the National Association of Insurance and Financial Advisors (NAIFA).

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