john wants to purchase a life insurance policy where he is the policyowner and his spouse is the life insured. To be able to make such a purchase, johnmust have an insurable interest in his spouse. When must this insurable interest be present?

A. At the time that the policy becomes effective and at the time of any claim

B. Only at the time that the policy becomes effective.

C) Indefinitely

D Only at the time of any claim.

Sam wants to purchase a life insurance policy where he is the policyowner and his spouse is the life insured. To be able to make such a purchase, Sam must have an insurable interest in his spouse. When must this insurable interest be present? At the time that the policy becomes effective and at the time of any claim Only at the time that the policy becomes effective. Indefinitely Only at the time of any claim