In a Life Insurance Policy,there Must Be an Insurable Interest

question 54

True/False

In a life insurance policy,there must be an insurable interest at the time of the insured's death.

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Definitions:

Food Deprivation

The condition of being prevented from accessing sufficient nutrients and calories needed for health and well-being.

External Locus

A belief that control over one's life events and outcomes resides primarily with external forces or circumstances.

Julian Rotter

A psychologist known for his work in social learning theory and the development of the concept of locus of control.

Locus of Control

A psychological concept that refers to people's beliefs about the extent of control they have over events in their lives.