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Can life insurance be taken out on another person legally and does the other person have to be notified about the policy?
Yes, insurance can be taken out on anyone.
NO, NO, NO and NO! It is not legal to take out life insurance on someone else, unaware and who has not authorized such for the purpose of naming youself as the payoff collector or benneficiary rather.
However that does not mean people do not do it everyday but be careful because if your insured is unfortunate enough to pass away as a result of Murder or unexplained homicide you could be in for serious legal problems trying to prove yourself innocent. Good luck and be SAFE!
What else can I help you with?
How do you get money after being notified as a beneficiary?
If you have been notified that you are a beneficiary of an insurance policy or will, you should contact the person who notified you to learn what to do next.
Are you legally married if your husband has another wife in another state?
No. If the other person is legally married to another person in another state, then your marriage is not valid in the USA. You can have be legally married to one person at a time.
Can your ex girlfriend take your kids if the kids are not her kids?
No. She has no parental rights regarding another person's children unless she legally adopted them.No. She has no parental rights regarding another person's children unless she legally adopted them.No. She has no parental rights regarding another person's children unless she legally adopted them.No. She has no parental rights regarding another person's children unless she legally adopted them.
Can someone legally retract something they have given to another person?
Yes, in some cases, a person can legally retract something they have given to another person through a process such as revocation or rescission, depending on the circumstances and applicable laws.
What legal rights does a person have in a Car repossession in Indiana?
From personal experience, you do not have to be notified, but you do have to legally be notified of intent to sell vehicle, it has to be sold for a reasonable amount and they cannot enter a garage to repo. It's best to google repo in Indiana in order to obtain accurate information.
Can you as a consealed Handgun License purchase a gun for brother?
It depends. You cannot legally purchase a gun for another person if the other person call legally own a gun. HOWEVER, the following is commonly misunderstood: you can legally purchase a gun for another person as long as the purchase is being made for a legitimate gift.
Do you have to live in the same household to have another person on your auto insurance?
No. I had a friend who shared the car insurance with me and he used to live in another county.
Can an insured person also be the beneficiary on an insurance policy?
Yes, there is no bar in the insured person being beneficiary on another insurance policy.
What is an adoptive sibling?
An adoptive sibling is a person who is not another person's biological sibling, but is raised legally and socially as if they are.
What does bigamsit mean?
it is the crime of marrying a person when you are already legally married to another
Can a person insure a car of their parents?
No. The insurance must be in the name of the owner of the vehicle. An insurance policy is a legally binding contract and if one party does not own the vehicle then the policy and thus the contract is void. The insurance company cannot pay a claim on a vehicle if the owner is not party to the contract. They also cannot legally pay the owner because they are not an insured person under the contract.
Can you insure another person for life insurance?
Yes, one person can obtain a life insurance policy on another as long as the policy owner has an insurable, financial interest in the life of the insured.
