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Yes it seems. Think of a situation where parents are either not surviving or deserted their children and it is the grandfather who is the only surviving responsible member to take care of grand child then it may be presumed that grand father is carrying an insurable interest in grand child as being the nearest in blood propenquity.

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Q: In PA can a grandparent have insurable interest in a grandchild in order to get a life insurance policy on them?
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Can a son take out life insurance policy on his 75 year old mother?

Why not? Of course, especially if there is an "insurable interest." Just by virtue of the family relationship, this would be allowed as long as the amount was justifiable (financial underwriting).


What is A disagreement about beliefs ideas or interest called?

conflict?


Why am i attracted to older women?

Perhaps your interest in woman occurred at an early age than normal.


Can you claim a pension payment from Cigna Insurance for 10 years service from 1974 to 1984 My contributions were returned with no interest on leaving but nothing from the company contributions?

If you worked for INA before the merger with Connecticut General, you were covered under a non contributory pension plan. That is, the Company paid for the plan 100%. You earned 2% each year of your average of you last 3 years salary. Therefore, for the 10 years you worked you earned a pension equal to 20% of the average of you last 3 years. This benefit is reduced by 1/2 of the Social Security benefit. Benefits are payable on a reduced basis at age 55. You need to contact Prudential Insurance who now handles the CIGNA plan. If you worked for CG before the merger, I cannot help you. However, Prudential can help as they now handle the pension for former employees like you.


If my grandmas house is to be divided 9 ways when my stepgrandfather either sells the house or passes away until then he can remain in the house is pssible for me to get an advance for my part?

No. Assuming your grandmother has died, the only way you might be able to get money now would be if you can convince someone to buy your interest from you. Perhaps another family member would be interested. You would need to execute a quitclaim deed of your interest. If you can find a buyer you should have the transaction supervised by an attorney.

Related questions

Can you get life insurance for your child's father if you are not married?

Yes you can. To get insurance, insurance companies, want to see an "insurable interest." Since he is the father of your child, you have an insurable interest on him.


With a life insurance policy when must an insurable interest exist?

An insurable interest must exist at the inception (beginning) of the policy.


Can you take out insurance for someone else?

Generally, you may not take out insurance on just anyone else. An insurance company can deny a policy to someone if there is no "insurable interest", between them like a blood relation or certain types of business relations.Yes. It depends on if they are a minor or an adult. An adult you will need them to sign the application. If there is an "Insurable Interest" on a child (ie: parent, grandparent) then you can just purchase it. 4LifeGuild


Can a parent take out life insurance on their adult children?

Yes, an insured and a beneficiary have to have an insurable interest to be able to have a life insurance policy. Parents/children are considered to have insurable interest


When must an Insurable interest exist for a property insurance policy?

Insurable interest must exist at inception of the policy cover and at the time of the loss.


Can anyone purchase car insurance?

Anyone with insurable interest can.


What is the application of insurable interest?

In general, insurable interest refers to the concept that the insured must have a "stake" in the property or interest insured in order to insure it. Stated otherwise, it is a characteristic that distinguishes insurance from a wagering contract. With respect to medical insurance or life insurance, one always has an insurable interest in oneself. A business partner, for example, may also have an insurable interest supportant to support a life insurance policy on the other party; if the other party dies, there may be a financial loss, and that is the key. As to liability insurance, one would have an insurable interest if he/she/it stands to lose financially were a third party to make a claim for a covered loss.


When must an insurable interest exist for property insurance?

at the time of the loss


Can you get life insurance on your mother?

Yes, you can get life insurance on your mother. A child and mother have insurable interest in each other. Insurable interest is required in order to purchase life insurance on another person. Spouse have insurable interest, siblings, and parents-and-children. Your mother may need to answer some health questions, sign a life insurance application, and take a physical exam to qualify for life insurance.


Can you take out life insurance on your fathers life?

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.


What is insurable interest?

The purpose of insurance is to pay you when you lose something, to help you recover from that loss. For example, if your house burns down, fire insurance can pay for a new house. Or car insurance will pay for a new car if you get into an accident. The term "insurable interest" refers to the thing you are worried about losing, the car or the house. You can't get insurance in cases where you have no insurable interest. For example, I can't get car insurance on my neighbor's car. If they have an accident, I didn't lose anything, so why should I get an insurance payout? Letting people have insurance when they have no insurable interest causes problems, for example intentionally damaging their neighbor's car.


In NC do you have to have an insurable interest in the beneficiary?

You've got it backwards. A beneficiary is the person who has to have an insurable interest in the insured, and that is standard insurance law, in North Carolina or anywhere else. In order to take out insurance on anyone you must have an insurable interest in that person. That does not mean you must have an insurable interest in the beneficiary. Some states do and some states do not. My question is does NC require an insurable interest in the beneficiary? OK, since you are still questioning this, here is the more detailed answer. A beneficiary, by definition, is not being insured; instead, he or she is the person who will receive the insurance payment (in the case of life insurance) when the insured person dies. Since the beneficiary is not being insured, there is no reason why anyone would be required to have an insurable interest in the beneficiary. The reason why insurable interest is required, is that life insurance is not intended to be a form of gambling, otherwise anybody could take out an insurance policy on anybody else. Insurable intersest means that you personally would be financially harmed by the death of a particular person. Children depend upon their parents and therefore have an obvious insurable interest in their parents. Even if the child has grown up and no longer depends upon the parent, that child still has an insurable interest in the parent, because when the parent dies, the child will probably have to pay for the funeral, and will have other expenses relating to that death. Whereas, if you wanted to take out a life insurance policy on a complete stranger, you have no insurable interest. An employer can take out life insurance on an employee, called "key person insurance" if it is thought that the death of that employee would cause financial problems to the company that employs him or her. The star of a motion picture would normally be insured by the movie company, since the death of that person could make it impossible to finish filming, and the money invested up to that point could be lost. That's how insurable interest works. The beneficiary HAS insurable interest in the insured, the insured does NOT have an insurable interest in the beneficiary.