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There really is no legal requirement. Some Life Insurance companies require you to be a US citizen and others don;t. You must be who you say you are. You must answer all questions honestly including health questions. If you are asking for a lot of money, you will most likely have to prove that you are worth that much coverage by showing the last 2 or 3 years of a tax return.(This requirement can be different with different companies)
What else can I help you with?
Can one obtain life insurance coverage from Prudential?
"Yes you can obtain life insurance from Prudential. Questions you should ask yourself include how much life insurance do I need, Do I need life insurance for my family."
Do you need a will for life insurance?
You do not need a will for life insurance. I don't have a will, but I have life insurance. ;)
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.
Do you need to cover your spouse on your medical insurance legally?
yes
How can you find out who has life insurance on you?
The only time someone can own life insurance on you without you knowing it is when you are considered a juvenile. This, of course, depends on the law in the particular state you live in. Life insurance companies require you to sign the application form as long as you are considered an adult. Another person, usually a relative or business partner, can own the policy and can be the beneficiary of the policy but you need to answer the medical questions and sign the form. You can therefore conclude that no person can legally own a policy on your life without your signature.
What is Texas passing score for life insurance exam?
The passing score for the Texas life insurance exam is 70%. This means that you need to answer at least 70 out of 100 questions correctly in order to pass the exam.
Why do insurance companies ask personal questions?
Insurance companies ask "personal" questions simply because they need to know if your eligible for the insurance or not.
Does homeowners insurance pay off your mortgage if one of the homeowners dies?
No. For that kind of benefit you need mortgage insurance or a life insurance policy.No. For that kind of benefit you need mortgage insurance or a life insurance policy.No. For that kind of benefit you need mortgage insurance or a life insurance policy.No. For that kind of benefit you need mortgage insurance or a life insurance policy.
Where can one find life insurance that does not need a medical?
Life insurance that does not require a medical examination can be purchased through many reputable insurance companies. These policies are known as Simplified Issue Policies, and do require the applicant to answer some medical history questions.
How old do you need to be to get insurance?
The age in the state where you can legally drive on your own
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 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.
