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When Must Insurable Interest Exist for a Life Insurance Contract

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This is a basic requirement for a life insurance contract. It must continue for the life of the policy. When Must Insurable Interest Exist For A Life Insurance Contract To Be Valid Lisbdnet Com When must insurable interest exist for a life insurance contract to be valid. . Insurable interest must exist only at the time the applicant enters into a life insurance contract. If no insurable interest exists when a policyowner buys a life insurance policy the contract may still be enforced. What kind of contract is this. Insurable interest must exist only at the time the applicant enters into a life insurance contract. If there is an insufficient insurable interest between the policyholder and the insured the policy is voided. A only at the time of the insureds 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 insureds death and at the inception of the policy. ...