Sentences with phrase «loss upon the death of the insured»
Insurable Interest When a policy is purchased, the buyer must have an economic interest in the life if the insured, or a demonstrable expectation of loss upon the death of the insured.
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When a policy is purchased, the buyer must have an economic interest in the life if the insured, or a demonstrable expectation of loss upon the death of the insured.
Not exact matches
Insurable interest simply asks the question, «what financial loss would you suffer upon the death of the insured?»