Banks are using a little-known tactic to help pay bonuses, deferred pay and pensions they owe executives: They're holding life-insurance policies on hundreds of thousands of their workers, with themselves as the beneficiaries.

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As if there weren't enough tough publicity about insurance companies and financial services these days, the Wall Street Journal's law blog yesterday had a post titled: "'Dead Peasant' Policies: The Next Big Thing in Insurance Litigation." In her post, Ashby Jones refers to an a …

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Life insurance, STOLI, and Secondary Markets, a basic explanation.

Greetings Viners:

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