The person whose life is the subject-matter of the life insurance contract. If A effects a policy on the life of B, his partner, B is the life insured. This is a ‘life of another’ policy.
The Rantings of the barely human.
The person whose life is the subject-matter of the life insurance contract. If A effects a policy on the life of B, his partner, B is the life insured. This is a ‘life of another’ policy.