When must an insurable interest legally exist in life insurance?

Insurance

Are you looking for the correct answer to the question “When must an insurable interest legally exist in life insurance?”? If that’s the case, you don’t have to worry anymore. AzAnswer team is here with the right answer to your question. Please check below to know the answer.

When must an insurable interest legally exist in life insurance?

Options

A) only at the time of the insured’s death
B) only at the inception of the policy
C) only at the time the beneficiary is paid
D) both at the time of the insured’s death and at the inception of the policy

Answer: B) only at the inception of the policy

The above question When must an insurable interest legally exist in life insurance?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.