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.
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.
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
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.
I think it depends on your car insurance policy.
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.
I am pretty sure that they can do that I'm a little younger than you probably think so.Hope it helped,Abbey
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.
yes as long as you pay the policy
This will depend on some factors. Who is the policy-owner? The policy-owner is the only person who can cancel the insurance policy,