In which member of his family does a man always have insurable interest in terms of a life policy?

Insurable interest in life insurance refers to the financial or emotional stake a person has in the life of another. This concept serves to prevent moral hazard, where someone might take out a policy on someone else's life without a legitimate interest, thereby potentially encouraging harm.

In terms of life policies, a man always has insurable interest in his spouse. This relationship is characterized by a mutual financial dependency and a shared life, meaning that the man's financial well-being could be significantly impacted by the death of his wife. The emotional bond also strengthens this interest, as spouses typically have personal and familial ties that enhance their interdependence.

While a man may have insurable interest in other family members, such as his children, siblings, or parents, the nature of that interest can vary and may not always be guaranteed. For instance, while a father might care for his daughter financially, the degree of insurable interest can be less clear-cut compared to the relationship with a spouse. Therefore, the relationship between spouses establishes a clear and consistent case for insurable interest in a life policy.