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Is it possible for girlfriend to use the same life insurance co that she has a policy with in order to skip the underwriting process and gain HUGE bucks on your life?
Wiki User
∙ 15y ago
I assume that you're wondering if she can get a policy on your life as your girlfriend behind your back.
No, she can't, she has no insurable interest, such as a wife or parent would and she would need your signature in order to buy the insurance on you.
This does not mean that you cannot allow her to pay for life insurance on you and you can name her as beneficiary if you choose. You can just say she is your fiance and that will suffice as insurable interest. She could also buy life insurance on you, forge your signature and make the payments herself all without your knowledge and of course all illegal. But it would not be for big bucks or it would require full underwriting which would include a paramed exam at the very least.
Wiki User
∙ 15y ago
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What is an under writer?
Underwriting refers to a process that is offered by banks and investment houses. Underwriting is the process that assesses if a customer is eligible for products, including a mortgage or insurance.
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underwriting
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Underwriting process calls for the applicant to be able to prove an insurable interest?
At the time of Application
