Life insurance companies have a debtor/creditor relationship with their living insureds that is similar to a fiduciary relationship.

Question

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A life insurance company owes a duty of care and loyalty to its living insureds, similar to a fiduciary relationship. This includes providing accurate information about policies, promptly paying out valid claims, and overall acting in the best interest of the insured.

Life Insurance Companies Have a Debtor/creditor Relationship with Their Living