What is the insurable interest on one's own life generally considered to be?

Insurable interest on one's own life is considered to be unlimited because an individual has a fundamental and inherent interest in their own life. This concept is rooted in the idea that a person’s life is of great value to them and affects their personal and financial circumstances. Since individuals are the most directly impacted by their own mortality—through emotional, economic, and social ramifications—they are deemed to have an unlimited insurable interest. This allows individuals to purchase life insurance policies on themselves without limitation, as they inherently stand to suffer the most significant loss should they pass away.

Other options present more restrictive views of insurable interest, which would not accurately reflect the relationship an individual has to their own life in an insurance context. The idea of a limited, moderate, or restricted interest typically applies to relationships where one party's death would not directly and profoundly impact the other party’s life and financial situation in the same way it would if the insured were their own self.