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Correct me if I'm wrong.
I sold an rop term life to a guy. He insured his own life. He owns the policy. He is the payor. He made his girlfriend the beneficiary.
I get an email from underwriting stating:
"Please provide the insurable interest of the beneficiary, ______"
Can't he make anybody he wants the beneficiary?
I sold an rop term life to a guy. He insured his own life. He owns the policy. He is the payor. He made his girlfriend the beneficiary.
I get an email from underwriting stating:
"Please provide the insurable interest of the beneficiary, ______"
Can't he make anybody he wants the beneficiary?