[mschild]

To perhaps be a bit more pendantic.

You're not allowed to take out life insurance on someone you don't know or have a relationship (business or otherwise) with.

Life insurance on a business partner works. Life insurance on your spouse as well.

Life insurance on the leader of a random country? Unlikely

[DaedalusII]

you cant take out life insurance on your spouse without them signing the paperwork in most cases

you dont take out cover on your business partner, the company itself does

[mschild]

True but you're still taking it out on another person.