A person always has an insurable interest in his or her own life and the life of his or her spouse or fiancee, but not in parents or children.

Name: A person always has an insurable interest in his or her own life and the life of his or her spouse or fiancee, but not in parents or children.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A person has an insurable interest in the lives of close family members, including parents and children, because their death could result in financial loss or hardship.

A Person Always Has an Insurable Interest in His or Her