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insurable interest

Insurable Interest: What Is It and Why Is It Important?

By Byron Udell | October 28, 2008

What is Insurable Interest? A lot of people often ask the question, “what is insurable interest and why is it a must have when buying a life insurance policy?” For purposes of life insurance policies, everyone is considered to have an insurable interest in their own lives and in the lives of their spouses and…

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