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No. The person to be insured must be present; must answer the underwriting questions in person, and must sign the application themselves. The only time you can alter from this is in the case of a minor and the legal guardian takes out life insurance on the minor.
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∙ 12y ago
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Can a wife take out a life insurance policy on her husband?
yes you can just go to a insurance place and take out insurance policy he will have to be there also,
Can an life insurance policy be taken out on your children by the husband and grandmother with out your permission?
can the grand mom and her son take a life insurance policy out on me and his children without my {legal wife} permission
Who can own a life insurance policy on you?
A husband can buy a life insurance for his wife. Husband becomes the proposer and he is also the beneficiary in case of any unfortunate death of wife. Similarly a working wife can also propose a policy for her husband. Father or mother can take out a life insurance policy for their children. Children cannot take out life insurance policy on their parents name as there is no insurable interest for them to do so. Almost anyone with relationship interest can be the owner of someone else's life insurance policy. The further removed the proposed owner is form the insured, the harder it will be to explain ownership. Note that corporations can also be the owner of policies.
Do you have to provide life insurance for your x-wife?
No. If you had life insurance before you got divorce, you can cancel the policy.
Can husband cash in wife's insurance policy?
If the husband is the nominee of the wife's life policy,and in case of later's eventuality, he can claim the insurance proceeds and the Insurance Co. is legally bound to pay to the nominated husband.
Can a wife take out a life insurance on her husband and name herself as the beneficiary and keep that policy in effect after a divorce?
Yes. However, who will be the owner of the policy? The husband would have to sign the application and take the exams.
Can your ex-wife's grandparents have a life insurance policy on you if you didn't sign anything or have insurable interest in TN if you have kids with your ex and the policy was created before divorce?
If you had life insurance to cover your wife and children, then you may have not realized you could have agreed (if you were divorced) that your wife would continue to have your life insurance policy. I have no idea where the grandparents came into this. Get a copy of the life insurance policy and see a lawyer about this. There is a little more to it and therefore, more complicated. You really need legal advice on this one. Sorry I couldn't help you more.
Could your husands ex-wife cash in a life insurance policy on his life even though they were divorced prior to his death and everything was left to you in his Will?
If she's still the beneficiary, yes. The life insurance policy is completely separate from the will.
Can a husband change his life insurance policy from his ex wife to his new wife in the state of OhioIt is stipulated in the dissolution that the ex wife is to remain benificiary any way to change it?
You must keep the life insurance policy that was discussed in the divorce until your ex remarries. But there is nothing to keep you from buying a new policy and making your new wife ITS beneficiary. That has nothing to do with the divorce decree.
Does the 1st wife receive full benefits from a life insurance policy even if they are divorced?
The circumstances can vary greatly here. It will depend on what the conditions of alimony are, for one. If the ex-husband isn't required to keep the ex-wife as a beneficiary on a life insurance policy, and decides to remove the ex-wife, then the ex-wife will receive nothing.
Can your ex still collect on an old life insurance policy if you die?
it depends how they died
Can you have two people on your life insurance?
Yes. You can have any number of nominees for your insurance policy. In cases where there are multiple nominees, you need to mention the % sharing of the policy proceeds between the beneficiaries. Ex: You take a insurance policy and nominate your mom, sister and wife. You have to choose a % split that comes up to 100% Wife: 50% Mom: 30% Sis: 20% If there is only one nominee the default is 100% to that person
