Bill Was a Good Friend of John and Thought That

question 33

Essay

Bill was a good friend of John and thought that John was gradually getting quite sickly.In fact it looked so serious that Bill thought John might lose his job due to depression and illness.Hoping to benefit from the situation,Bill purchased a life and disability policy on John.This policy would provide monthly payments to Bill if John was disabled due to illness.As it turned out,John was disabled due to illness,and pursuant to the terms of the policy of insurance,Bill made a claim under the policy.Will the insurance company pay Bill the monthly payments provided for under the policy? Explain your answer and comment on the applicable legal principles.

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Definitions:

Self-Control

Internal control that occurs through self-management and self-discipline in fulfilling work and personal responsibilities.

Performance Goals

Targets or objectives set to measure and guide the productivity or output of an individual, group, or organization.

Market Control

The influence of market competition on the behavior of organizations and their members.

Market Competition

The rivalry among companies selling similar products and services with the goal of achieving revenue, profit, and market share growth.