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Life Settlement
Educational Information
Welcome Funds has compiled every term, phrase & definition related to life settlements. Have more questions? Call us toll-free at 1-877-227-4484 or complete our Quick Online Qualifier to determine your eligibility.

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DEFINITION OF INSURABLE INTEREST

When a life insurance policy is purchased, the policy owner must be able to demonstrate a financial interest in the life if the insured or expectation of a loss upon the death of the insured. Common examples would be a spouse or business partner. For parties without insurable interest, the policy owner may assign them as a beneficiary of the policy.

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