What Is Stranger Originated Life Insurance? 
Stranger originated -LRB- also known as stranger-owned or stranger-initiated -RRB- life insurance is a plan or arrangement designed from the outset to put a life insurance policy into the hands of investors or speculators . The overall intent of each of these transactions , no matter how arranged , is to cause the issuance of new life insurance on the life of the insured for the ultimate purpose of ownership by one or more persons who have no interest in the continuation of the insureds life and have every interest in profiting by the insureds early death . 