stranger-originated life insurance
n.— «In what has to be the wackiest new trend in life insurance, many consumers are allowing total strangers to place bets on when they will expire—and the sooner they go, the bigger the payoff. It’s called Stranger-Originated Life Insurance, or STOLI for short.» —“Stranger-Originated Life Insurance a bad bet, regulators say” by Paul Wenske Kansas City Star (Kansas City, Kansas/Missouri) Mar. 8, 2008. (source: Double-Tongued Dictionary)
Further reading
While reading Great Expectations (Bookshop|Amazon) by Charles Dickens, a listener in Arlington, Texas, is surprised when one of the characters inherits some money, which Dickens describes as a cool four thousand. Were they really using cool that way...
An anadrome is a word that forms a whole new word when you spell it backwards. For example, the word “stressed” spelled backwards is “desserts.” Some people’s first names are anadromes. There’s the girl named Noel...
These policies are also referred to as Investor-Initiated Life Insurance.