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Yes, as long as you would be economically deprived "insurable interest" if they were to pass away. For more information see www.SteveShorr,com/life.htm and click on the link for Confidential Life Insurance
NO. Even on the site that's advertising here it points out that the company that will do this only does so if there is a contract between the two parties. And it does not cover blood relatives or spouses. So no, not for your parent. Not for a current spouse.
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Can you purchase life insurance on your parent?
Yes, with your parent's knowledge and consent.
Can you take out a life insurance policy on some one with out them knowing that you did?
No, you can not get life insurance without the insured's consent, unless it's for a minor.
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.
Can someone take out a life insurance policy on you without your consent?
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.
How can you buy life insurance for a parent?
You can purchase life insurance online for your parent. Anyone can purchase life insurance for their parent, because they have an "Insurable Interest" in their parent. You can compare free life insurance quotes online, or purchase life insurance direct online for a parent. However, your parent may need to sign an application form, and your parent may need to take a physical exam, and/or answer some health questions.
Can you take an insurance policy out on a spouse without the spouse's knowledge?
Not a life insurance policy....The insured party would be considered the policy owner therefore it could not be issued without their knowledge & consent.
Can you take out a life insurance policy on someone without their knowledge?
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.
Can your dad cash out your life insurance without your permission?
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.
Can you take out a Life insurance policy on a parent?
Yes, you can take out a life insurance policy on a parent. There must exist insurable interest between the owner and insured of a life insurance policy. There does exist insurable interest between spouses, parents and children, and siblings. So, yes, you can buy life insurance on your parent. Your parent may need to sign the application, answer some health questions, or take a medical exam to qualify for life insurance.
Can the person who holds Power Of Attorney take out a life insurance policy on the grantor?
No, not without that persons consent. Not to mention that person would have to qualify.
Can a child buy life insurance on a parent?
Yes.
Can an adult child insure the parent without their knowledge?
Yes,life insurance can be obtained by any one for anyone.Its kinda sad.
