Insurance
Life Insurance

Can someone take out a life insurance policy on you without your consent?

363738

Top Answer
User Avatar
Wiki User
Answered
2009-12-23 02:15:14
2009-12-23 02:15:14

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.

001
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0

Related Questions


They can if it is bought while you are a minor, otherwise it is insurance fraud and is illegal without your consent.

The policy owner, usually the Primary named insured, can add or remove people and coverages from the policy they purchased as their coverage requirements change.

Not a life insurance policy....The insured party would be considered the policy owner therefore it could not be issued without their knowledge & consent.

The insured can never amend his insurance policy without the consent of his irrevocable beneficiary because this act would lessen or diminish what is due to the irrevocable beneficiary and thus considering that this is a diminution...consent of the IR beneficiary is necessary.

No, you can not get life insurance without the insured's consent, unless it's for a minor.

No one is allowed to have a life insurance policy on you without your knowledge. You would have to sign off on the policy before they could get it.

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.

Your dad can withdraw the cash value of your life insurance policy if he is the policy owner of your policy. If you have obtained adulthood, you dad cannot withdraw the cash value of your life insurance policy without your consent. If you are minor life assured, your dad as proposer can draw cash value on maturity,provided you will not be adult then.

Yes, Either owner of a property can purchase a home insurance policy. It is recommended however, that you list all persons with a financial interest in the property as an insured on the policy.

It depends on the terms of your insuring contract. Maybe yes maybe no, Just read the terms of your insurance policy or contact your insurance agent.

No, not without that persons consent. Not to mention that person would have to qualify.

I am pretty sure that they can do that I'm a little younger than you probably think so.Hope it helped,Abbey

This will depend on some factors. Who is the policy-owner? The policy-owner is the only person who can cancel the insurance policy,

If the teenager is added to the parents' insurance, then consent is automatic as it is the parents who make the arrangement. As to whether a teenager can buy his or her own policy without parental consent, that may vary from company to company and state to state. Is is best to check with an independent insurance agent who is authorized to speak for several different companies, and will know any applicable state regulations.

Not if the laptop belongs to someone else. If it is company property then it's down to company policy.

Yes. The policy is controlled by the "owner"of the policy. If the insured person is the owner, then the beneficiary should be written as "irrevocable." An "irrevocable" beneficiary can only be changed with the consent of that beneficiary, regardless of who the policy "owner" is. Hope this helps.

if someone died and left an insurance policy and named me beneficiary how can i find out

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.

If you have the income to pay for the policy, most would sell to you. However, if you do not have a car, the reason to buy it is moot.

Yes, If someone will be driving the car, it is recommended to add inform your insurance company and have them added to the policy.

No, only the OWNER of the insurance policy can sign the policy over. Sometimes the owner is the insured, but not always.

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.


Copyright ยฉ 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.