10-02-2007
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| New Foot Prints
Join Date: Aug 2007
Posts: 13
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Rep Power: 0 | |  Naming Beneficiary(ies)
When you apply to take out a new life insurance policy, the insurance company requires that the beneficiary (or beneficiaries) have an insurable interest in the insured. Frequently they would be dependents, such as a spouse or children, who would suffer a loss if the insured were to die. | |
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