Stranger-owned life insurance involves buying a policy on someone you don't know and is generally illegal. Learn why this ...

People generally purchase insurance on themselves to help protect their loved ones or other beneficiaries with a death benefit.However, you can also take out a policy on others if you'd experience ...

In life insurance, you have an "insurable interest" in another person when the death of that person would cause you a financial loss or other hardship. Insurable interest can be present in many ...

If you have no other eligible dependents, you can elect to use your SBP to cover an individual with whom you have what is known as a Natural Interest or Natural Insurable Interest. The following ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Eric's career includes extensive work ...

It is necessary to have some idea of what can and cannot be insured and we need to note the characteristics or nature of insurable risks. There is one caveat, which should be made at this point: it is ...

Insurance is a rapidly expanding sector in the modern day financial world offering a broad spectrum of various innovative products. Generally, it is believed that if you are willing to pay the premium ...

Do you know what type of deed (title) you have on your property? Do you have a ratified contract to purchase a property? If so, do you know what type of deed (title) you will be getting to that ...

Because insurance is designed to protect you against the potential for loss, you must have a stake in losing a person. Therefore, insurable interest is the risk of losing whomever you are seeking to ...

Advertising disclosure: When you use our links to explore or buy products we may earn a fee, but that in no way affects our editorial independence. Insurable interest is the financial, legal, and ...