Life Insurance

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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Wiki User
2010-03-22 18:59:30
2010-03-22 18:59:30

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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Related Questions

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

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

Your employer cannot legally cancel your health insurance without your knowledge. If an employer chooses to cancel your health insurance he or she must notify you.

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

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

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.

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

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.

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

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.

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.

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.

Many insurance companies will not let you change your beneficiary, if it is your spouse, without their knowledge. You will have to contact your insurance comapny to find out. Contact your insurance company. Your spouse won't know you've changed it. If they need to send you a new policy, ask them to let you pick it up at their local office. If they can only mail it to you, be sure to collect the mail before your spouse sees it.

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.

Knowledge without wisdom can be dangerous.

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

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.

ABSOLUTELY NOT. You cannot insure a vehicle that you do not own on your insurance policy no matter what kind of coverage you have. Your insurance policy will not pay anything even if you have added the vehicle on your policy without their knowledge.

Is the child willing to sign the application and take the physical? I don't see why not.

do they have plans for people without insurance.

can we have knowledge without wisdom or we cannot have wisdom without knowldege

what is the meaning of zeal without knowledge is fire without light

Your mom could loose everything by being sued by the other drivers insurance company. Because you are unlicensed and took the car without permission her insurance company will not cover the accident and you are likely to get a ticket.

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