If funds allow, you may certainly pay directly for it when the need arises.
Assuming the person has not yet died, you can purchase a pre-need contract. These provide for periodic payments (or a lump sum payment) to fund the cremation. They are not insurance per se, but they are risk-bearing in that you pre-pay for services to be rendered later. Therefore, many states regulate these providers as a type of specialty insurer. As such, they have to be licensed by the state regulatory authority, maintain a certain level of capitalization, and meet other financial criteria.
Depends what country you're in.
Yes, someone can take out a life insurance policy on you without your prior consent. An example would be a business which has a defined financial exposure resulting from the unexpected death of an essential employee.
What can you do if someone put insurance on you without your permission? I I have so many people that want me dead and someone told me to check to see if maybe they have a life insurance policy on me. who do I contact to see.
yes as long as you pay the policy
Your husband cannot legally obtain life insurance on you without your knowledge. And most companies require at least a cursory physical before agreeing to insure someone.
how do i find out if tom rowntree had life insurance
Someone without life insurance can afford to pay for a funeral by exploring options such as crowdfunding, seeking assistance from local charities or religious organizations, opting for a simple and cost-effective funeral service, or setting up a payment plan with the funeral home.
Typically, the person being insured must consent to the life insurance policy. Without the person's consent or insurable interest, it is not permissible to take out a policy on them. Doing so could be considered fraudulent.
On whose life, policy is purchased, he/she is called 'Life Assured', whereas the former is called the 'Proposer' in a life insurance policy.
How can you find out if life insurance has been taken out in your name with or without your knowledge.?
You can get life insurance online without a medical exam. Some websites you can go on to get life insurance without a medical exam are AnicoDirect and Efinancial.
Instant life insurance refers to fast, pre approved insurance policies. This is good for someone who is on time constraints and needs life insurance.