Who Are You: Stranger Originated Life Insurance Policies No Longer Valid in NJ

A life insurance policy is valid only if the insured has an “insurable interest” in the person covered by the policy at the time it is issued. Where no insurable interest exists, the policy is void and the policyholder has no right to recovery.  The insurable interest requirement is grounded in public policy so as… Continue reading Who Are You: Stranger Originated Life Insurance Policies No Longer Valid in NJ