Insuranble interest is a very interesting area. It is defined as someone who is buying the policy wether it be life insurance or critical illness insurance has more to lose than to gain by insuring there death. The insurable interest part of the insurance regulations has been implemented to prevent an individual purchasing a policy on another person unknowlingly on another person for purposes of wagering or planned murder or something like this.
You can have as much insurable interest on yourself as you want. This means that you can get as much life insurance as you want on yourself. Obviously this is down to how much the insurance broker is willing to give also.
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