In the case of a life insurance policy on the insured's own life,it is not necessary for the named beneficiary to have an insurable interest in the insured.

Question

Quizplus · Accepted Answer

This is because the policy owner can designate anyone as the beneficiary for their own life insurance policy, regardless of whether or not the beneficiary has an insurable interest in the insured's life.

In the Case of a Life Insurance Policy on the Insured's