DossierENTITY

Term Life Policy

Coverage of Term Life Policy in the Nexus archive.

Earliest in view: May 6 · 09:15 UTCMost recent: May 6 · 09:15 UTC

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BUSINESSMay 6 · 09:15 UTCMARKETWATCH
I am 56, single and renewing my $400,000 term life policy. The agent says I can’t name my brother as beneficiary. Why not?
A 56-year-old single person is renewing a $400,000 term life policy and wants to name their brother as beneficiary, but the agent says it's not possible because the brother doesn't depend on the person's income. The agent claims the brother has no insurable interest. The person is seeking clarification on this decision.