Which of the following means that if the insured individual were to die unexpectedly, the policy owner would suffer a financial loss?

Question

Quizplus · Accepted Answer

Insurable interest means that the policy owner has a legitimate interest in the continued life of the insured person, such that if the insured were to die, the policy owner would suffer a financial loss. This concept is fundamental in life insurance policies to ensure that the policy is not taken out for malicious reasons.

Which of the Following Means That If the Insured Individual