"Viatical" sounds like something Bob Dole would peddle on TV, but it refers to an insurance-industry practice that state Rep. Jay Hottinger (R-Newark) believes ought to be changed.

Hottinger is the sponsor of H.B. 404, introduced after Thanksgiving, which would change the way Ohio governs "stranger" life insurance.

Known in the insurance industry as STOLI policies, for stranger/investor-originated life insurance, the practice refers to one person taking out a life-insurance policy for another person.

[Whole story.] Never heard of such a thing. Here's a longer analysis/opinion (.pdf).

I think I'll stick with TIAA-CREF.