Feta Is a Partner in the Software Design Firm GR8

question 65

Multiple Choice

Feta is a partner in the software design firm GR8 Games, Inc., which ob?tains key-person in?surance on Feta's life in the amount of $1 million from Halo Insurance Company. Feta quits GR8 Games to join Icy Applications, Inc. Feta dies. Halo must pay the $1 million to

• A) Feta's spouse Jo because she had an insurable interest in Feta's life.
• B) GR8 Games because it had an in?sur?able interest in Feta's life when it ob?tained the policy.
• C) Icy Applications because it had an in?sur?able interest in Feta's life when he died.
• D) no one because Feta was not working for GR8 Games when he died.