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I believe it has to be a relative.

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โˆ™ 2006-04-05 19:38:38
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Q: Is there a way that anyone can legally take out life insurance on you?
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Can i buy a life insurance policy on anyone?

No. You have to have an insurable interest in the person's life in order to take out an insurance policy on their life.

Can anyone take out life insurance on someone?

If there is lawsuit, or sue.

Can a son take a life insurance for his mother without her knowledge?

No, Not legally. you must get her signature on the application.

How do i find out if I have life insurance?

Unless you take it out for yourself, any number of people could have taken out insurance on your life without you knowing or telling you about it, so you can ask family members or friends, however, they may not want to tell you, it is quite legal for anyone to take out insurance on anyone.

Who can take out life insurance on a child?

Anyone who knows the child's SSN and other information.

Can someone take out a life insurance policy on someone that they do not know?

Why in the world would anyone want to pay that much money for an insurance policy if they did not know the person? Life insurance is expensive.

Can an auctioneer legally take a bribe from anyone like a potential buyer?

No, an auctioneer can't legally take a bribe from anyone like apotential buyer.

Can you take out a life insurance policy on anyone?

No, you must have an "Insurable Interest" and if they are not minors they must sign the application.

Do you know anyone that has had to wait on a life insurance settlement?

Their is usually some waiting period for a life insurance settlement, but it usually does not take a long time. If too much time goes by without receiving your settlement, I would contact the life insurance company.

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 an ex partner take out life insurance for the partner if they wasnt mairred?

You can take out a life insurance policy on anyone, regardless of marriage or blood line, AS LONG AS you can prove that their death would be a financial hardship for you. So if ex partner is giving you child support, then yes you can take out a policy.

How can you buy life insurance for a parent?

You can purchase life insurance online for your parent. Anyone can purchase life insurance for their parent, because they have an "Insurable Interest" in their parent. You can compare free life insurance quotes online, or purchase life insurance direct online for a parent. However, your parent may need to sign an application form, and your parent may need to take a physical exam, and/or answer some health questions.

What happens to your life insurance when you are no longer employed?

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.

When is life insurance a necessity in a persons life?

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?

Can you take out a life insurance policy on any individual you wish to?

no. there are laws for life insurance policy and is illegal to take it out to any individual

Do you have to be a relative or wife to open a insurance policy on someone?

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.

How long does it take to cancel your life insurance policy?

I have a whole life insurance policy, how long does it take to cancel it, also can I get money back from it.

Do you legally need boat insurance to take a boat out on the water?

Yes, you do legally need boat insurance in case you get into an accident. make sure you have the right amount of coverage to cover you for any liability and loss.

Can a wife take out a life insurance policy on her husband?

yes you can just go to a insurance place and take out insurance policy he will have to be there also,

What is the rate for life insurance in Canada?

That is an unanswerable question due to the fact that Canada doesn't have a specific life insurance, it all depends on the life insurance plan you take.

How long does it take to get the claim check from a life insurance policy?

my mother pased away on 4/28 and the funeral home filed her life insurance on the 29 or 30 how long does that take to receive a check for life insurance

Can a brother take out life insurance on his brother?


why you didn't take any life insurance?

why did you ask this

Can a father take out life insurance on his son who is 50 years old?

Unless his son is legally not able to make financial decisions on his own, his son must sign the policy as well.

How does life insurance provide for a family in cases of suicide?

In case of suicide, the insurance company will not provide any compensation for the family of the policy holder. Life insurance will only take care of the family of the policy holder when he does not take his own life.