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

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17y ago

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Can I buy a life insurance policy on my live in partner?

As long as the person qualifies medically and your partner consents to having the policy written there should be no problem in obtaining a policy.


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Can an illegal alien buy a life insurance policy?

Sure. There's no requirement on a life insurance policy that you are a U.S. citizen.


Can you buy life insurance on anyone?

Not anyone. You have to prove insurable interest on that person and they have to sign that it is alright for you to own life insurance on them.


How do we get ahold of Union Fidelity Life Insurance to buy accidental policy?

accidental insurance


What is best life insurance policy to buy?

nation wide beaz


Can my mother and I both have life insurance policies for me?

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.


What is an annual premium for life insurance?

Single Premium Life Insurance policy is good for those who can pay a lumpsum in a single stroke. Like conventional life insurance policies, this policy too provides a security umbrella to the policy holder until the full policy term. Buy Single Premium Life Insurance Policy : insuringindia ‪#‎SPLPolicy‬ ‪#‎LifeInsurance‬ @insuringindia


Where in New Jersey can I buy temporary car insurance?

Temporary car insurance is for anyone that needs a policy to cover a car for a short period of time Temporary car insurance is for anyone that needs a policy to cover a car for a short period of time Temporary car insurance is for anyone that needs a policy to cover a car for a short period of time?


How do you close a life insurance gap of 50000?

buy only a term policy


Where to buy mortgage life insurance?

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.


Who can own a life insurance policy on you?

A husband can buy a life insurance for his wife. Husband becomes the proposer and he is also the beneficiary in case of any unfortunate death of wife. Similarly a working wife can also propose a policy for her husband. Father or mother can take out a life insurance policy for their children. Children cannot take out life insurance policy on their parents name as there is no insurable interest for them to do so. Almost anyone with relationship interest can be the owner of someone else's life insurance policy. The further removed the proposed owner is form the insured, the harder it will be to explain ownership. Note that corporations can also be the owner of policies.