Kirk was recently visited by a life insurance salesperson.The salesperson did an especially good job of selling,and Kirk decided to buy several policies.In addition to a policy on himself,Kirk purchased one policy each on the life of his wife,his mother,his son,his aunt,his uncle,and the old man who lives next door.Kirk has been married for 12 years.His mother is 62 years old and provides no support to Kirk.In fact,Kirk has very little contact with her.His aunt provides no support,but had provided support when Kirk was young and his parents had difficulty making ends meet.Kirk receives $10,000 each year as a gift from his uncle,but otherwise receives nothing from him.Kirk has known the old man next door for 11 years and often assists the old man when he needs help.For which of these policies does Kirk have an insurable interest?

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The Answer of Kirk was recently visited by a life insurance salesperson.The salesperson did an especially good job of selling,and Kirk decided to buy several policies.In addition to a policy on himself,Kirk purchased one policy each on the life of his wife,his mother,his son,his aunt,his uncle,and the old man who lives next door.Kirk has been married for 12 years.His mother is 62 years old and provides no support to Kirk.In fact,Kirk has very little contact with her.His aunt provides no support,but had provided support when Kirk was young and his parents had difficulty making ends meet.Kirk receives $10,000 each year as a gift from his uncle,but otherwise receives nothing from him.Kirk has known the old man next door for 11 years and often assists the old man when he needs help.For which of these policies does Kirk have an insurable interest?

Kirk Was Recently Visited by a Life Insurance Salesperson