I thought Lloyds of London would insure anything...for a price...
Partially joking there. Dont know anything about the laws involved.
But more seriously asked, if the insured agrees to the beneficiary, does the law really say its still illegal? Or does one have to pay for their own insurance in any case where its not family or close relation?
I think most companies do not allow 3rd party insurers unless it’s corporate as part of a pay package.
And the insuree always has to sign off except for minors.