Скачать или смотреть Life Insurance Exam [National] 14 – Insurable Interest Explained

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Exam.

In this episode you will learn:
• Insurable interest must exist at the time of application for life insurance policies to be valid.
• Individuals possess an unlimited insurable interest in their own lives and may name any beneficiary.
• Legitimate interest is generally limited to close family members, business partners, or key employees.
• Creditors have a limited insurable interest in debtors only up to the specific amount of the debt.
• Policies lacking insurable interest at inception are considered void wagering contracts and are unenforceable.

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