if you sleep with them more than 3 times a week you can.
I believe it has to be a relative.
You should sit with them and talk about, and ask them.
Yes, you can take out a life insurance policy on your father's life. In order to take out life insurance on someone there needs to exist an "Insurable Interest". One way there exists an insurable interest is if one person relies on another person for financial support. Another would be to be a relative. For example, a husband and wife have insurable interest in each other. Also, siblings, and children and parents have insurable interest in one another.
If a life insurance beneficiary has alyztimers and is in a nursing home, can the power of attorney or nearest living relative receive it?
Not unless your name is mentioned specifically in the grandfathers WILL.
As you are a relative and not his wife, you would not have what they call an 'insurable interest' - such as a wife/husband, mother/father would. The solution would be to have him take out the insurance and you pay the premiums for him. == ==
In order to take out life insurance on someone, you have to have what is legally known as "insurable interest" in that person. A spouse or dependant has an obvious insurable interest, but there are other cases as well. For example, a business can take out life insurance on a particularly valued employee. This is known as "key man insurance" (apparently key women are not as important) since the death of an employee can cause financial problems for the employer.
Life insurance is a necessity if you have loved ones you'd like to ensure the protection and well-being of your family when you die. There are choices to make once you decide to take a life insurance policy such as; will I take term or whole life insurance?
no. there are laws for life insurance policy and is illegal to take it out to any individual
Insurance Information Institute totally answers your question. Check it out... http://www.iii.org/individuals/life/help/locatelost/
If the life insurance was provided by your employer and your employment is terminated, you will lose the life insurance protection. You should look into individual life insurance, which you can take with you if your employment terminates.
One way is to check with the lender. Most lenders have affiliations with mortgage life insurance companies to provide this service and in most cases the insurance premium is included in the mortgage payment.