Who are involved in Investor Originated Life Insurance (IOLI)?

Investor Originated Life Insurance (IOLI) involves individuals or entities, such as investors or brokers, who have no personal connection to the insured. This concept typically revolves around investors purchasing life insurance policies for the purpose of speculation on the insured's lifespan. They stand to gain financially when the policy matures or upon the death of the insured, making their interest primarily financial rather than personal.

Family members of the insured, insurance companies, or financial advisors may not fit into this definition since their involvement often carries personal ties or professional obligations that do not align with the purely speculative nature of IOLI. In essence, B reflects the core principle of IOLI, which is that investors aim to profit from life insurance without having a pre-existing relationship with the insured.