U. B. Mutual Aid Soc. v. McDonald

Citations

• 122 Pa. 324
• 15 A. 439
• 1888 Pa. LEXIS 609

Syllabus

<p>1. To create an insurable interest which will support a contract of life insurance, there must be a reasonable ground, founded in the relations of the parties, either pecuniary or of blood or affinity, to expect some relief or advantage from the continuance of the life of the insured.</p> <p>2. Where there is no such insurable interest the motive or intention of the beneficiary is not a question to be submitted to the jury; the law will presume that the insurance was procured for the purpose of a wager or speculation.</p> <p>3. A step-son having a separate home and family of his own, not a creditor, nor dependent upon or responsible for the support of his step-father, has no insurable interest in the life of the step-father.</p>