Which option does NOT indicate the presence of insurable interest in a life insurance contract?

Insurable interest in a life insurance contract refers to the financial or emotional stake one party has in the continued life of the insured. The law requires that the person purchasing the insurance must stand to suffer a financial loss or hardship if the insured event occurs, which in the case of life insurance refers to the death of the insured.

Lifelong friendships may entail deep emotional connections but generally do not imply a financial stake or potential loss that could justify an insurable interest. In contrast, marriage, being blood-related, and co-owning a business all establish forms of direct financial interest or potential loss. In marriage, spouses benefit from each other’s income and support, creating a financial dependency. Blood relations often have familial support structures or obligations that can result in financial loss upon the death of a family member. Co-owning a business also serves as a clear example because each partner in the business may face significant financial implications due to the death of the other.

Thus, while lifelong friendship reflects an emotional bond, it lacks the necessary financial aspect that solidifies an insurable interest in the context of a life insurance contract.