Can someone take out a life insurance policy on me without my knowledge?
They can if it is bought while you are a minor, otherwise it is insurance fraud and is illegal without your consent.
The only way that you can take out life insurance without someone knowledge is if they are a minor and you are the parent. Any other way the person (Insured) must sign the application. These days Insurance companies are even strict on the owner of the Life Insurance for the Insured. There must be an Insurable interest.
Only if he is agreeable to allowing you to purchase the policy. He would be required to sign the application as the proposed insured and you would sign as the owner if you plan to keep the policy yourself. You cannot take out an insurance policy on someone without their knowledge and there must be an insurable interest.
There's probably more that you are not telling us in this question. If it's your car insurance, then no, the insurance company will send you a cancellation notice before cancelling your auto insurance. If you illegally have your car on someone else's policy, didn't pay them, and they removed your car from their policy then yes. The only thing is they never should have put your car on their policy but that is as much…
You cannot purchase insurance on someone without their knowledge and participation. The insured has to answer the underwriting questions in person and sign the application in the presence of the insurance agent. The insured does not have to be the policy owner or payer. The owner is the only person that can make changes to the policy including changing beneficiary, address, payment method, etc.
Can you take out a life insurance policy on your 21 yr old child without his knowledge and name yourselves as the benificiary?
You cannot. Policy number is mandatory for any formal transactions pertaining to an insurance policy. How would the insurance company know which policy you are referring to without the policy number? Talk to the insurance agent who helped you with the transfer. He should have a record of the transaction and the policy number as well.
If someone was convicted of a DUI but the insurance policy is under someone else's name will the insurance ever find out?
Many insurance companies will not let you change your beneficiary, if it is your spouse, without their knowledge. You will have to contact your insurance comapny to find out. Contact your insurance company. Your spouse won't know you've changed it. If they need to send you a new policy, ask them to let you pick it up at their local office. If they can only mail it to you, be sure to collect the mail…
Things may have changed since I worked in insurance (1997-1998), but generally speaking the existence of an insurance policy could only be confirmed to the insured, the policy owner, or a beneficiary, or someone with power of attorney for one of them. *Check with The Center for Life Insurance Disputes.
Can an 18-year-old covered under his parents' insurance policy be sued for an accident if his parents allowed the policy to lapse without his knowledge but he had given them his monthly payment?
If you mean to ask if you can get a life insurance policy on your new husband WHILE HE IS in the state of New York and you're not there, the answer is no. He has to sign the application. If you mean to ask if you can get a life insurance policy on your new husband AND BOTH OF YOU ARE IN NEW YORK, yes because he can sign the application. If you mean…
Ask an insurance company for a "broadform" policy. That will cover you for any car you drive. Yes, although it's rather pointless. Why pay for insurance on something that you don't even have or own ... there is no need. If you drive someone else's car, you are covered under their insurance policy, provided you have their permission to drive it.
Can a life insurance company give out information on a policy to someone that is not the beneficiary or the owner of the policy?
If a husband took out an insurance policy on his wife without her knowledge can he still collect on it after they're divorced?
Someone taking out a life insurance policy is a private issue and is not the concern of someone else. If you are concerned that someone took out a policy on you without your knowledge that is very unlikely as you would have to sign the application normally in front of the insurance agent who will have to witness that they saw you sign it. The only case that the insured doesn't have to sign is…
In the U.S. there are very few circumstances when someone can take out a policy on someone other than themselves, a few examples are: A parent or guardian can insure a child who is under 18 If you have power of attorney over someone (i.e.- a handicapped sibling) you can take out insurance on them. A good rule of thumb is that if YOU personally would experience a financial loss as a result of a…
A non-owner's insurance policy basically enables someone to get insurance so they can get a license or for any other purpose they need to get auto insurance without owning a car. It covers you in any car that you drive, even if you do not own the car. It is basically a general insurance for drivers because some people who drive do not own cars.
The cash value is the amount of money your insurance policy is worth to the owner of the policy if the insurance is cancelled and the policy terminated. The insurance company will mail a check to the to the policy owner upon policy termination or cancellation by request of the owner. I would strongly encourage you to consult a professional in your area before cancelling an existing policy. There may be other options and alternatives…
Consider this situation: if the cost, in a nursing facility for example, exceeds on the agreed policy, the insurance company will assume the difference without asking the insurance holder any additional payment. If, on the otherhand, the cost is overestimated, the insurance company will retain the difference of the cost against the agreed policy without returning a refund to the insurance holder.
I can't think of a reason why not. If you want to pay someone to insure something (or someone) they should let you. I suppose it really depends on exactly what the insurance policy is (life insurance, auto insurance, some other general liability insurance). Check with the specific insurance company about the specific type of insurance for an exact answer.