Insurable interest refers to a person who has a financial interest in the life of the insured. Any person with insurable interest can sign on behalf of the insured without them present for the FPGA Guaranteed Issue Plan (1 Pay), FEIA Guaranteed Issue Plan and the FEIA Installment Plan.
Those who have insurable interest:
Aunt
Brother
Brother-in-law
Cousin
Daughter
Daughter-in-law
Ex-husband
Ex-wife
Father
Father-in-law
Godfather
Godmother
Granddaughter
Grandfather
Grandmother
Grandson
Half-brother
Half-sister
Husband
Mother
Mother-in-law
Nephew
Niece
Other (includes Common Law Spouse, Executor, Guardian, Nursing Home Administrator, Other Pecuniary Interest, Public Trustee, Social Worker)
Sister
Sister-in-law
Son
Son-in-law
Stepbrother
Stepdaughter
Stepfather
Stepmother
Stepsister
Stepson
Uncle
Wife
