Q. Who has insurable interest in the lives of each other in a partnership?

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Q. When does lack of insurable interest exist?

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Q. What is the definition of insurable value?

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Q. What is the consequence of ignoring the insurable interest and the insurable value limits?

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Q. What is the purpose of personal insurance cover?

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Q. What are the key principles of financial underwriting?

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Q. What does it mean to say that the insured is "Not worth more dead than alive"?

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Q. What should underwriters do to relate past financial trends with current economic conditions?

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Q. What is the purpose of financial underwriting in insurance?

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Q. How much is the insurable interest that a person can have in his own life?

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Q. What are the three methods of arriving at the amount of insurance cover that an individual should take?

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Q. What is the human life value method based on?

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Q. What are the factors taken into account while using the human life value method to arrive at the insurance cover amount?

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Q. What is the needs analysis method based on?

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Q. What is the needs analysis method of arriving at the insurance cover amount?

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Q. In the needs analysis method, what financial responsibilities of the insured are taken into account?

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Q. What are the assumptions considered while using the needs analysis method to arrive at the insurance cover amount?

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Q. What is the multiple of salary method used for?

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Q. What factors determine the multiple of salary in the multiple of salary method?

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Q. What is the recommended income multiple for an individual aged 18-35 in the multiple of salary method?

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