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Does it matter who signs the check to pay for a policy, either the insured or the beneficiary for tax purposes.

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Q: Can you take out a life insurance policy on your 21 yr old child without his knowledge and name yourselves as the benificiary?
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Related questions

How can you find out if life insurance has been taken out in your name without your knowledge.?

How can you find out if life insurance has been taken out in your name with or without your knowledge.?


Can another Insurance agent take a split on commission without your knowledge?

Only screwed insurance agents will take a split on commission without your knowledge.


Can your spouses employer or spouse remove you from a family insurance policy without your knowledge?

yes they can


If your ex-husband got term life insurance on you when you were married and was awarded the policy at the divorce can you have the benificiary changed without telling him if he pays on it?

On most life insurance policies only the owner of the policy can make benificary changes. So it really doesn't matter who is paying the premiums, but rather who owns the policy.


Can a son take a life insurance for his mother without her knowledge?

No, Not legally. you must get her signature on the application.


Is it legal to take life insurance out on someone without their knowledge?

It is not possible to take out insurance on a person with their knowledge. The insured must answer all underwriting questions and sign the application as well. The only case where this would not be true is if the insurance is being taken out on your minor child.


Can your spouse get insurance for you without your knowledge?

not legally. You would have to sign the application, answer the medical questions, and often have a physical.


Can your insurance carrier raise your deductible without your knowledge?

No, they must inform you of changes to the insurance contract. However, if they sent notice, they will usually have file information on when and where sent.


Can you apply for LIFE insurance for your uncle without his knowledge?

Although you can buy a life insurance policy on your uncle if you have a legitimate insurable interest, the insured is normally required to complete an application.


Can an adult child insure the parent without their knowledge?

Yes,life insurance can be obtained by any one for anyone.Its kinda sad.


Can you take an insurance policy out on a spouse without the spouse's knowledge?

No you may not. The insured must sign the application and in most cases be subject to a paramed exam based on the amount of insurance requested. The one exception to this rule is an individual may purchase some life insurance thru work (if available) up to a certain limit for their family members without their signatures or knowledge. People buy life insurance for 3 reasons. Love, character or a divorce decree. If your spouse is a person of character and if he/she loves you, they will sign on the dotted line. 4lifeguild


Does your husband have a life insurance policy on you?

Your husband cannot legally obtain life insurance on you without your knowledge. And most companies require at least a cursory physical before agreeing to insure someone.