Top Answer
User Avatar
Wiki User
Answered 2011-02-08 08:32:35

If your children sell life assurance, and you want some, and theirs is the best for you, then do it.

User Avatar

Your Answer

Related Questions

They can buy life insurance...and should!

Insurance can be bought at any age for an individual. You can even get insurance policies for your children.

The types of insurance that an individual should buy is home insurance, car insurance, disability insurance, life insurance, health insurance and liability insurance.

One can buy a life insurance online at Colonial Penn, AAFMAA, OLE and many others. One should take care and time before applying for a life insurance. Some life insurance sites might be untrustful.

Yes. As long as there exists an Insurable Interest between two parties, they can buy life insurance. For instance, there is insurable interest between spouses, parents and their children, and relatives. A daughter may purchase life insurance on her father.

it depends on if you want to. What gerber does is that it helps your child/children when they are older, but only when you have passed away (the parents or parent)

I am a Jehovah's Witness, and I actually have two life insurance policies. Yes, we can buy life insurance.

Whole life insurance does come with several benefits. I would personally suggest term life insurance the the cost savings.

An individual in their 50's should buy life insurance, because that's the age one becomes more likely to die of a heart attack or have some type of accident.

You can buy a life insurance plan, individually, or a family life insurance plan, from a bank, or an insurance company, such as all state, progressive, or state farm.

People will only buy insurance for 3 reasons; Love, Character and a Divorce Decree. Sound like he has none of those. You should get a court order forcing him to buy insurance to protect his child support payments making you the beneficiary. Likewise you should have some if something happens to you, despite how much you hate him. You can make the purchase of life insurance on him if he will agree to sign the application. He is a dirtbag if he won't even let you do that! 4lifeguild

Yes you can purchase life insurance on your parent. In order to buy life insurance on another person there must exist an Insurable Interest in that person. There does exist an insurable interest between siblings, spouses, and parents and children.

You should never buy mortgage life insurance. It is an expensive simplified issue term policy. Just buy a regular term life insurance policy. Find an independent agency and have them run you quotes on whatever amount is your mortgage plus living expenses for your family for 5 or 10 years.

Many insurance companies offer term life insurance. Some of these include MetLife, State Farm, and AAA. Term life insurance is often bought in level term life insurance, meaning it can last a fixed number of years.

You should buy life insurance if someone will suffer financially if you die prematurely, or to provide for your family/survivors regardless of your age at the time of your death.AnswerRegarded as the cornerstone of sound financial planning, there are many compelling reasons to buy life insurance. One of the main reasons is to replace the income of the insurer after his or her death. A dependent spouse, young children and even siblings who rely on you financially will not suffer after your demise with the correct insurance plan. Life insurance benefits can be used to cover burial and funeral expenses, debt and medical bills and estate taxes. Your beneficiaries can benefit from the inheritance of your life insurance policy benefits. Insurances such as whole life and universal life insurance with a cash value component can even be used as a mode of savings as this element can be withdrawn or borrowed on request. Insurance here acts as an enforced savings plan, which is tax free if paid as a death claim.

Anyone can buy a life insurance policy on anyone, but the insurance company may request a medical examination of the person.

Just about anyone with the premium. If you are asking who you can buy it for and be benificiary, contact your agent, some states have laws pertaining to who's life you can insure. There is no stopping anyone from buying life insurance. From children to senior citizens, from those in the pink of health to those with chronic health issues, there is a policy out there to suit everyone. Rather than ask who can buy life insurance, you should ask yourself if you need life insurance. And the answer will always be a resounding yes. Life insurance can help plan for the future and prepare for any untoward tragedy in your family. Life insurance can be used as a replacement of income, to pay for funeral expenses, pay off debts and mortgages and look after your family when you are no more. There is no reason for anyone not to opt for an insurance policy and secure his or her future.

form_title=Life Insurance Policy form_header=Protect your loved ones with a lifetime of financial security. Find a life insurance policy customized to fit your needs. What type of life insurance policy do you want to buy?= () Term Life Insurance () Permanent Life Insurance () Both () Not Sure How large of a life insurance policy do you want to buy?=_ Who will it cover?=_ Who would you list as beneficiary?=_

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

Any insurance agency will give you a free quote for life insurance and any question you have should be answered by an insurance agent for free before you decide to buy. There are many online resources to help you as well.

Mostly families who have dependent kids have life insurance. And also people who been tricked into buying cash value life insurance. People don't buy life insurance. They are sold on it.

Yes You may buy term life insurance. You can compare rates and plans online from a life insurance quote service. Or, you may want to contact a life insurance agent in your area to request free quotes for term life insurance and learn more. Term life insurance provides temporary life insurance protection for 1-30 years, usually.

The best software that a company can buy to help administer life insurance policies is the software MRMIP. It is the best software on the market for life insurance policies.

Yes, your mother can buy a life insurance policy on you because she has an insurable interest in you. And, you can buy a life insurance policy because everyone has an insurable interest in their own life. However, your mother may need your permission and your signature on the application for life insurance that she purchases with you as the insured person.

Usually, the life insurance company requires that the insured person provide information regarding their health, such as answering health-related questions on the application, take a physical exam, and sign the application for life insurance coverage. Because of these requirements, it would be difficult to take out a life insurance policy without the insured person being advised on the policy. However, some life insurance companies may offer simplified issue life insurance; such as, Globe Life for adults or children, Gerber, Colonial Penn, Garden State Life, etc. In this case you may have a parent buy a life insurance policy for their child, or an adult buy a life insurance policy for their spouse either online, over the phone, or through the mail. However, these policies still may require a signature from the person whose life is being insured. So, that being the case, it would seem possible, and legal, if life insurance companies who offer simplified life insurance policies are already doing it, in a way. I am not certain about the signature from the insured person. You should inform the person you are taking out a life insurance policy on.

Copyright ยฉ 2021 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.