I am 56, single and renewing my $400,000 term life policy. The agent says I can’t name my brother as beneficiary. Why not?

I am 56, single and renewing my 0,000 term life policy. The agent says I can’t name my brother as beneficiary. Why not?



I am 56, single and renewing my $400,000 term life policy. The agent says I can’t name my brother as beneficiary. Why not?
“The agent said he could not add my brother because he does not depend on my income, so has no insurable interest.”


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