Feshbach resonances - namely resonances between an unbound two-body state
(atomic state) and a bound (molecular) state, differing in magnetic moment -
are a unique tool to tune the interaction properties of ultracold atoms. Here
we show that the spin-changing interactions, coherently coupling the atomic and
molecular state, can act as a novel mechanism to stabilize an insulating phase
- the Feshbach insulator - for bosons in an optical lattice close to a narrow
Feshbach resonance. Making use of quantum Monte Carlo simulations and
mean-field theory, we show that the Feshbach insulator appears around the
resonance, preventing the system from collapsing when the effective atomic
scattering length becomes negative. On the atomic side of the resonance, the
transition from condensate to Feshbach insulator has a characteristic
first-order nature, due to the simultaneous loss of coherence in the atomic and
molecular components. These features appear clearly in the ground-state phase
diagram of e.g. 87Rb around its 414 G resonance, and they are therefore
directly amenable to experimental observation.Comment: 6 pages, 4 figures + Supplementary Materia