Which of the following terms is dissimilar to the other four in the context of insurable interest in life insurance?

Question

Question: Which of the following terms is dissimilar to the other four in the context of insurable interest in life insurance?

Options:

1.  Employer
2.  Creditor
3.  Surety
4.  Employee
5.  Debtor

Answer 1

5. Debtor

Debtor is dissimilar to the other four in the context of insurable interest in life insurance.

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More info:

Employer - An employer or company buys insurance and benefits for its employees. It is a benefit given to its employees by an organization.

Creditor - Creditor pays off or reduces an outstanding credit balance or makes debt payments on the customer's behalf in the event of death, disability or job loss.