If there is lawsuit, or sue.
No. You have to have an insurable interest in the person's life in order to take out an insurance policy on their life.
Typically, the person being insured must consent to the life insurance policy. Without the person's consent or insurable interest, it is not permissible to take out a policy on them. Doing so could be considered fraudulent.
I believe it has to be a relative.
Unless you take it out for yourself, any number of people could have taken out insurance on your life without you knowing or telling you about it, so you can ask family members or friends, however, they may not want to tell you, it is quite legal for anyone to take out insurance on anyone.
Anyone who knows the child's SSN and other information.
No, you must have an "Insurable Interest" and if they are not minors they must sign the application.
Yes, someone can take out a life insurance policy on you without your prior consent. An example would be a business which has a defined financial exposure resulting from the unexpected death of an essential employee.
Unless someone faked your signatures and did not need a medical exam it is highly unlikely that you would not know if someone can take out a Life Insurance policy on you. There must be an insurable interest when a life insurance is taken out and the insured must know unless that person is a minor and the parents took it out.
Their is usually some waiting period for a life insurance settlement, but it usually does not take a long time. If too much time goes by without receiving your settlement, I would contact the life insurance company.
It is legal to take a life insurance policy out on someone else. Wal-mart does it to their older employees, and cashes in when the employees die.
yes as long as you pay the policy
You can take out a life insurance policy on anyone, regardless of marriage or blood line, AS LONG AS you can prove that their death would be a financial hardship for you. So if ex partner is giving you child support, then yes you can take out a policy.