A husband took a life insurance policy in his wife's name

cbse
business-services

#1

A husband took a life insurance policy in his wife’s name. After 1 year; the couple got divorced and later on after 2 years, the wife died. Will the husband get compensation from the insurance company ?


#2

The husband will get compensation from the insurance company, because in the case of a life insurance policy, the insurable interest must be present at the time of taking policy. If the husband is making regular payment of premium even after divorce, then he will get the compensation for the death of his wife even after divorce.