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I think the point is that insuring a partner or high-level exec is more transparent and justifiable. Insuring the guy who sweeps the floor when he can be easily replaced (no offence intended) does reek of opportunitism.

Dare I say "Only in America?" And apart from this clause, "Insurable interest is usually a big deal for insurers. They want to make sure whoever is buying life insurance doesnt have an incentive for bumping off the insured. Insurers usually require purchasers have a strong familial or...