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Of course.
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∙ 15y ago
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Can I buy guaranteed issue life insurance with no medical exam without the person knowing it?
Usually, the insurance company will require that the insured person give permission and sign the application for coverage. In addition, you must have an insurable interest on the person you want to insure for life insurance.
What are some good rates on joint term life insurance?
Joint term life insurance rates vary according to the person's age, their health, and the company offering the life insurance. It is impossible to know what rates are available for joint term life insurance without knowing personal information. A person may compare rates at the Globe Life Insurance or Bank Rate websites.
Life insurance agent?
A life insurance agent is the person who knows about the various life insurance policies and explains them to potential clients. The agent is the person who sells you life insurance.
What is Confidential Life Insurance?
Confidential Life Insurance protects a Third Party for their financial loss in the event of the death of an Insured Person. It must be placed without the knowledge of the Insured Person and as a consequence involves minimal underwriting
Can a person buy life insurance for someone without that person's knowledge?
Usually, the life insurance company requires that the insured person provide information regarding their health, such as answering health-related questions on the application, take a physical exam, and sign the application for life insurance coverage. Because of these requirements, it would be difficult to take out a life insurance policy without the insured person being advised on the policy. However, some life insurance companies may offer simplified issue life insurance; such as, Globe Life for adults or children, Gerber, Colonial Penn, Garden State Life, etc. In this case you may have a parent buy a life insurance policy for their child, or an adult buy a life insurance policy for their spouse either online, over the phone, or through the mail. However, these policies still may require a signature from the person whose life is being insured. So, that being the case, it would seem possible, and legal, if life insurance companies who offer simplified life insurance policies are already doing it, in a way. I am not certain about the signature from the insured person. You should inform the person you are taking out a life insurance policy on.
Can someone take out a life insurance policy on someone that they do not know?
Typically, the person being insured must consent to the life insurance policy. Without the person's consent or insurable interest, it is not permissible to take out a policy on them. Doing so could be considered fraudulent.
Can you find out if a life insurance police has been taken out on you?
As the person who is being insured, YOU have to sign the forms, and no one can do it for you. There should be proof of the identity of the person signing the form. Legally, no one can take a life insurance policy on you without your consent.
Can a person who is in state prison and has a low probability of outliving his sentence get life insurance coverage?
A person can get life insurance NO matter where that person is ... it is up to the insurer to issue the insurance on the person more then likely the insurance company will not insure said person ...
Is life insurance a scam?
Life insurance is not a scam. There are benefits and drawbacks to having life insurance, it simple depends on the person's needs.
What kind of insurance does Banner Life Insurance offer?
Banner Life Insurance offer life insurance services. They offer Term Life Insurance which covers a person for a specific time and Universal Life Insurance which covers one for life.
Who pays for the funeral if the person has life insurance?
The insurance company.
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.?
