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Does the insured need to know about a life insurance policy?

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2011-09-04 20:44:33
2011-09-04 20:44:33

You cannot purchase insurance on someone without their knowledge and participation. The insured has to answer the underwriting questions in person and sign the application in the presence of the insurance agent. The insured does not have to be the policy owner or payer. The owner is the only person that can make changes to the policy including changing beneficiary, address, payment method, etc.

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Yes, if the insured is also the policy owner.

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