Best Ed

This course is approved for Life/Accident/Health/Sickness licenses. It is about the insurable interest relationship. Learn about the concept and the application of insurable interest to life insurance policies. Get an overview of the basic components of this topic. Discover who it is that can (and cannot) have an insurable interest in a life insurance policy. Understand the origins of the idea of insurable interest. Be familiar with the concepts of factual expectancy and legal interest. Examine the view of insurance being akin to a wagering contract. Know when the insurable interest relationship must exist. Study the idea of borrowing against the policy as well as policy assignment and the status of policy beneficiaries in such a situation. Look at claims upon the death benefit upon which recovery may be made in a lawsuit. Know the basics about policy loans. Understand the use of life insurance in business situations. Be aware of the life settlement industry, a secondary market for life insurance.