It just seems almost self evident that if you are applying for life insurance there is probably a reason for it (i.e. a close family member, a business partner, etc.), however, it may not be simple. Whether it be based on common law or statutory law every State has a different definition for insurable interest.
The following is a guest post from Martin of Studenomics, where he helps you become financially free by 30. Life’s too precious to waste it away being in debt or always pissed off. Does there come a point where you grow up and give up on a failing business/passion? I strongly believe so. “IF YOU’RE