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Virginia Insurance Virginia Life, Annuities, and Health Insurance Examination Series 1101 Exam - Topic 6 Question 12 Discussion

All of the following normally indicate the presence of insurable interest in the life of another person EXCEPT:
A) Maintaining a lasting friendship with the other person
B) Being closely related to the other person by birth
C) Being married to the other person
D) Co-signing a mortgage with the other person

Virginia Insurance Virginia Life, Annuities, and Health Insurance Examination Series 1101 Exam - Topic 6 Question 12 Discussion

Actual exam question for Virginia Insurance's Virginia Life, Annuities, and Health Insurance Examination Series 1101 exam
Question #: 12
Topic #: 6
[All Virginia Life, Annuities, and Health Insurance Examination Series 1101 Questions]

All of the following normally indicate the presence of insurable interest in the life of another person EXCEPT:

Show Suggested Answer Hide Answer
Suggested Answer: A

Insurable interest exists when an individual stands to suffer a financial loss or hardship if another person dies or is injured. Insurable interest is typically present when one is closely related to the person (e.g., spouse, parent, or child) or has a financial relationship with them (e.g., co-signing a mortgage). While maintaining a lasting friendship may suggest emotional interest, it does not typically meet the financial criteria for insurable interest unless there is a direct financial loss involved.


by Cyril at Jun 22, 2026, 10:36 PM

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Melvin
3 days ago
Definitely A. Co-signing a mortgage shows financial interest, unlike just being friends.
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Jesusita
9 days ago
I agree, A seems right. Relationships by blood or marriage matter more.
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Asha
14 days ago
I think the answer is A. Friendship isn't enough for insurable interest.
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Shelba
19 days ago
I disagree, friendship can mean a lot in these cases!
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Kayleigh
24 days ago
A is definitely not a valid reason for insurable interest.
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Iluminada
29 days ago
Wait, really? I thought co-signing meant you had some interest!
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Felice
1 month ago
Totally agree, D doesn't show insurable interest like the others.
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Erick
1 month ago
I think D is the right answer.
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Daisy
1 month ago
I’m leaning towards A as well, but I could be wrong. It’s tricky because friendships can be significant too, right?
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Marget
2 months ago
I feel like I’ve seen a similar question before, and I think the answer might be A, since friendship isn't as strong as family ties.
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Lucille
2 months ago
I think being married or closely related definitely shows insurable interest, but I'm not sure about co-signing a mortgage.
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Timothy
2 months ago
I remember studying insurable interest, but I'm not entirely sure if maintaining a friendship counts as a strong enough connection.
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