Which of these do NOT indicate the presence of insurable interest in a life insurance contract?

In a life insurance context, insurable interest refers to the requirement that the policyholder must have a legitimate interest in the continued life of the insured. This is to prevent insurance from being used as a gambling tool or for malicious purposes.

A lifelong friendship does not automatically imply an insurable interest. Insurable interest typically arises from financial relationships or dependencies that would create a potential financial loss to the policyholder if the insured were to die. While friends can have a significant emotional bond, this relationship does not inherently involve a financial stake or risk.

In contrast, a close family relationship, business partnerships, and financial dependency all create situations where the policyholder would suffer financial loss upon the death of the insured. Thus, these relationships justify the existence of insurable interest and demonstrate a clear economic or financial motive for the insurance policy.