How to Make Life Insurance Sales, the Wrong Way
July 22, 2009 - Back to Deck's Page
How to Make Life Insurance Sales, the Wrong Way
A $15 million life insurance policy has sparked a battle between Stephen and Tomisue Hilbert (Mr. Hilbert co-founded Conseco Life) and Carmel, Indiana-based Carlson Media Group. American General Life Insurance Company, which issued the policy, contends that it was part of a Stranger Oriented Life Insurance (STOLI) scheme initiated by Carlson Media Group, where Hilbert’s mother-in-law Suzy Tomlinson served on the board. J.B. Carlson is arguing that because his company paid annual premiums on the policy, he’s entitled to the $15 million. Hilbert and his wife contend that they knew nothing about the policy prior to Tomlinson’s death in September 2008.
For more information, check out this story that recently appeared in the Indianapolis Business Journal.
http://www.ibj.com/html/detail_page.asp?content=41360AmpersandRedirected=true