One of the criteria for insuring someone, is that an "insurable interest" exist. Since you and your friend have a financial relationship, it would appear [that] you could insure him/her, as long as he/she consents to the insurance.
Borrowed money is not taxable.
No it's not and for that reason it is not taxed either.
Whole Life
how do you get money back from life insurance met
Virgin Money offers life insurance, car insurance, home insurance, pet insurance, and travel insurance.
What insurance? Life or Properties! Life insurance is a problem for poor countries. When one have no food or money, will he go for insurance?
You can get money from life insurance in the form of maturity benefit and death benefit (the later being paid to the nominee).
No. Group life does not belong to you.
No to avoid estate tax penalty
the meaning of life insurance is giving a husband or wife a chance to murder the other for the money
You can get free life insurance from the company MassMutual insurance. It is a term life policy so you will have to die before your kids can collect the money.
A life insurance is only good for life coverage, when you die an amount of money is given. Whole life insurance includes investments you have. Such as stock market.