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Can your aunt take out a life insurance policy on you if you are under 15?
Wiki User
∙ 15y ago
== == Yes. Family members are generally considered to have "Insurable Interest" in you and would purchase insurance for your future as a gift.
I'm not sure that an Aunt would count as a family member - parent. It never hurts though to submit an application. Who would sign the application as insured?
Wiki User
∙ 15y ago
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What is a paid up insurance policy?
A paid up insurance policy is a life insurance policy under which all life insurance premiums have already been paid, with no further premium payments due on the policy.
It is not important to have a life insurance policy.?
It is not important to have a life insurance policy.
What is a non direct recognition life insurance policy?
It is a type of whole life insurance that does not reduce the dividend payable under the policy even if there is a loan of cash value outstanding.
What is the executor on a life insurance policy?
The Policy Holder of a life insurance policy is the executor of the said policy.
Can your child be a beneficiary under your life insurance policy if you do not have legal custody of her and can a life insurance company require that you be their legal guardian?
Yes
What is a whole life insurance product?
A whole life insurance product is life insurance policy that lasts for the entire lifespan of the individual under the policy. New York Life and Mass Mutual are two popular companies that offer whole life insurance products. Check out their websites for more information.
What is covered under life insurance Is suicide covered?
Suicide is usually excluded under a life insurance policy. The suicide exclusion usually states that there is no payout of life insurance proceeds if the death is due to suicide within two years of the puchase of the life insurance policy. In some states, like Colorado, the suicide exclusion is one year.
Life Insurance Policy?
form_title=Life Insurance Policy form_header=Protect your loved ones with a lifetime of financial security. Find a life insurance policy customized to fit your needs. What type of life insurance policy do you want to buy?= () Term Life Insurance () Permanent Life Insurance () Both () Not Sure How large of a life insurance policy do you want to buy?=_ Who will it cover?=_ Who would you list as beneficiary?=_
Where can one find information on buying a term life insurance policy?
One can find information on buying a term life insurance policy by contacting an insurance broker. An insurance broker can be located in the local phone book under the yellow pages.
What type of insurance replaces income if you a long illness or injury and cannot work?
You would need a whole life or an universal life policy with an income rider, and possibly a long term care insurance policy which would fall under a health insurance policy.
What is portable life insurance?
A life insurance policy is "portable" when upon leaving the group policy, you transfer your life coverage to an individual life policy with the same insurance carrier with no changes to the policy or increase in premium.
What policies are offered by General American Life Insurance?
There are many policies offered by General American Life Insurance. These include the Variable Life Insurance policy, the Condo Insurance policy and the Boat Insurance policy.
