No. You have to have an insurable interest in the person's life in order to take out an insurance policy on their life.
If there is lawsuit, or sue.
No, Not legally. you must get her signature on the application.
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.
Anyone who knows the child's SSN and other information.
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.
No, an auctioneer can't legally take a bribe from anyone like apotential buyer.
No, you must have an "Insurable Interest" and if they are not minors they must sign the application.
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.
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.
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.
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.
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.
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?
no. there are laws for life insurance policy and is illegal to take it out to any individual
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.
I have a whole life insurance policy, how long does it take to cancel it, also can I get money back from it.
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.
yes you can just go to a insurance place and take out insurance policy he will have to be there also,
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.
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
why did you ask this
Unless his son is legally not able to make financial decisions on his own, his son must sign the policy as well.
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.