Lesson 1, Topic 1
In Progress
Trustee can Buy on Beneficiary’s Life
Annie^ if:
• Any beneficiary has insurable interest on life
of Annie; or
• Any beneficiary is:
A. Annie’s spouse;
B. Annie’s child under 18; or
C. any person Annie is dependent on
Note: Annie is called the Relevant Beneficiary
(or RB) and the RB has to consent in writing.
