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Why in the world would anyone want to pay that much money for an insurance policy if they did not know the person? Life insurance is expensive.

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15y ago
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4d ago

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.

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Q: Can someone take out a life insurance policy on someone that they do not know?
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How do you research an insurance policy with southland life insurance co?

Contact Southland Life Insurance Co directly through their customer service line or website to request information about the policy. Provide the policy number and any other relevant details to expedite the process. Additionally, review any paperwork or documents you have from when you initially acquired the policy for more insights.


What is my state life insurance policy status?

I am unable to provide specific information about your state life insurance policy status. You will need to contact your state life insurance department or your insurance provider directly for personalized assistance.


When must the policy summary for a life insurance policy be delivered?

The policy summary for a life insurance policy must be delivered at the time of application or at the time of delivery of the policy, and no later than the policy delivery.


How do you find out who the beneficiary is on a life insurance policy?

You can typically find out who the beneficiary is on a life insurance policy by checking the policy documents or contacting the insurance company directly. The beneficiary information is usually listed on the policy itself, in the beneficiary designation form, or in the insurer's records.


Can other immediate family members change the beneficiary of a life insurance plicy?

Typically, only the policyholder has the authority to change the beneficiary of a life insurance policy. Immediate family members would not have the authority to make this change unless they are specifically named as the contingent beneficiary and the policyholder has passed away.

Related questions

How do you know if someone had a life insurance policy?

If you are not the administrator, executor, or an heir to the will your will not know and frankly it is not anyone elses business about the life insurance or financial matters of the estate.


How do you know if someone has a life insurance on you?

If you know the name of the insurance company, contact them. If you don't, there's no way of knowing. Generally, you would have had to sign the application so presumably you would already know if someone had taken out a life insurance policy on you.


What is it called when someone buys life insurance on someone else?

On whose life, policy is purchased, he/she is called 'Life Assured', whereas the former is called the 'Proposer' in a life insurance policy.


How do you tell if someone has put life insurance on you?

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.


How do you find lost life insurance?

If you believe someone has a life insurance policy but you cannot find the actual policy or who the coverage is with you can get help through The Center for Life Insurance Disputes.


How do i find out the name of the life insurance company so you can cash in your policy?

If you believe that you are a beneficiary of someone's life insurance policy, but don't know which insurance company - go to court and request to see the probate file of the deceased's estate. It should be listed there.


What is the procedure for adding someone as beneficiary to a life insurance policy?

If its your policy, Just call your agent======== If not, Then NO!


Can you collect life insurance on someone declared incompetenet?

Probably not unless the insurance company decides to allow it or it was a provision in the life insurance policy. Normally, people are not able to collect on their life insurance policy until the insured dies.


How can you find out if someone has a life insurance policy?

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.


How can you know if someone has a life insurance on you?

If you know the company, contact them to confirm that the policy exists. This kind of information is available to you. If you don't know the company, there really is no way of knowing.


How do you find a relatives missing insurance policy?

If you know the company you can call them and they will have a copy.AnswerIf the missing policy is a life insurance policy, you should contact The Center for Life Insurance Disputes. They can help you locate missing policies.


How do you research an insurance policy with southland life insurance co?

Contact Southland Life Insurance Co directly through their customer service line or website to request information about the policy. Provide the policy number and any other relevant details to expedite the process. Additionally, review any paperwork or documents you have from when you initially acquired the policy for more insights.