What is INSURABLE INTEREST IN LIFE?

the term that means to have a monetary interest in the continuing life of another person.

More On This Topic
  1. Can You Borrow Against a Term Life Insurance Policy?
  2. What Do You Call a Life Insurance Policy That Pays Out Regardless of Whether the Policyholder Lives or Dies?
  3. Grandparent Rights: Everything You Need To Know
  4. Can I Cash Out My Life Insurance Policy? What Is the Available Partial Surrender Amount?
  5. What Are IRS Imputed Interest Rules?
  6. How to Give Someone a Power of Attorney
  7. Is The Interest On A Savings Account Taxable?
  8. How Hard Is the Texas Life Insurance Exam?
  9. Do Life Insurance Companies Check Your Medical Records After You Die?
  10. Understanding the 4 Types of Notes Payable To Banks

Related Legal Terms
INSURABLE INTEREST, LIFE INTEREST, INSURABLE, INSURABLE RISK, AND INTEREST, TENANCY FOR LIFE, UNITY OF INTEREST, POWER COUPLED WITH AN INTEREST, ENTIRE INTEREST, CONTINGENT INTEREST IN PERSONAL PROPERTY


Link to This Definition
Did you find this definition of INSURABLE INTEREST IN LIFE helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary