When Must an Insurable Interest Legally Exist in Life Insurance

question 17

Multiple Choice

When must an insurable interest legally exist in life insurance?

• A)only at the time of the insured's death
• B)only at the inception of the policy
• C)only at the time the beneficiary is paid
• D)both at the time of the insured's death and at the inception of the policy

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Definitions:

Existing Brands

Brands that have been established in the market over time and have developed awareness, loyalty, and identity among consumers.

Brand Dilution

Occurs when a brand extension adversely affects consumer perceptions about the attributes the core brand is believed to hold.

Pepsi

A global brand of carbonated soft drinks produced and manufactured by PepsiCo.

Product Label

A piece of information on a product's package that provides details about the product, including ingredients, manufacturer, usage instructions, and safety warnings.