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What else can I help you with?
Can you insure someone else home?
Insurance for Someone Else's HomeYes, You can Insure the property of another person. So Long as you have authorization to do so and the owner is benefited, or an other insurable interest in that property exists. You can not insure the property of another when no insurable interest exists. It would be unlawful to insure the property or life of another where the intent is to gain unduly from anothers loss.
Is it legal to carry property insurance on someone else's property?
Insurance for someone else's propertyYes, You can legally Insure the property of another person. So Long as you have authorization to do so and the owner is benefited, or an other insurable interest in that property exists. There are many situations where a third party may need to obtain property insurance such as, Estate Executors, Court Appointed Trustees, Dependents, Bailees, Tenants, Persons holding POA, or living wills, etc..You can not insure the property of another when no insurable interest exists. It would be unlawful to insure the property or life of another where the intent is to gain unduly from another persons loss.
What is the difference between life insurance and non life insurance?
Life insurance pays a death benefit when the insured party dies. So, it is insurance on someone's life. Non Life Insurance (such as home, auto, general liability) insurance covers something else other than a person's life.
What is the main product of the Life Insurance Company Mutual of America?
Mutual of America Life Insurance Company deals with retirement financing, retirement programs, pension and pension investment. They work with individuals to help insure that they have adequate funds for retirement.
What is another name for life cycle insurance?
Another name for life cycle insurance is "whole life insurance." This type of insurance provides coverage for the insured's entire lifetime, as long as premiums are paid, and it also includes a savings or investment component that accumulates cash value over time.
Can a person who is in state prison and has a low probability of outliving his sentence get life insurance coverage?
A person can get life insurance NO matter where that person is ... it is up to the insurer to issue the insurance on the person more then likely the insurance company will not insure said person ...
Can you insure someone else home?
Insurance for Someone Else's HomeYes, You can Insure the property of another person. So Long as you have authorization to do so and the owner is benefited, or an other insurable interest in that property exists. You can not insure the property of another when no insurable interest exists. It would be unlawful to insure the property or life of another where the intent is to gain unduly from anothers loss.
How to insure your parents with life insurance?
Call a licensed life insurance agent
How does one get diabetic life insurance?
Most insurance companies will insure a person with diabetes as long is it is disclosed at the time the policy is purchased. Some companies that offer this type of policy are BMO Guaranteed Life, Insure Direct, and Hunter Gregory.
Can I buy guaranteed issue life insurance with no medical exam without the person knowing it?
Usually, the insurance company will require that the insured person give permission and sign the application for coverage. In addition, you must have an insurable interest on the person you want to insure for life insurance.
What is the total amount of life insurance one person can carry on them self?
There is no set amount of life insurance that one person can own. However, individual companies can set limits as to how much they are willing to insure someone for.
Can a person take out life insurance on their sick daughter?
you can if your daughter is younger than 18 years. but they cant sell you an insurance if it is not under your name. you have to be able to have someone to insure.
Can a sibling force another sibling to turn over life insurance to pay for their parents funeral?
No, unless they are an executor of the estate and the parent had been paying the insurance premiums before their death.. Any person can insure anyone, it only means that a policy will be paid on death of the person they have insured and is paid to the person who paid the premiums or to their estate.
Is it legal to carry property insurance on someone else's property?
Insurance for someone else's propertyYes, You can legally Insure the property of another person. So Long as you have authorization to do so and the owner is benefited, or an other insurable interest in that property exists. There are many situations where a third party may need to obtain property insurance such as, Estate Executors, Court Appointed Trustees, Dependents, Bailees, Tenants, Persons holding POA, or living wills, etc..You can not insure the property of another when no insurable interest exists. It would be unlawful to insure the property or life of another where the intent is to gain unduly from another persons loss.
Where can one find information on life insurance?
Information about life insurance can be found online at Insure, TDLife, and MetLife. Most companies that sell life insurance will have information about different policies.
Can you take out life insurance for someone else?
There must be insurable interest between you and the person you want to insure. Insurable interest mean that you must be financially and emotionally affected if the person dies.
What are the circumstances that life insurance refuse to insure a person?
An insurance company may refuse to insure you if a. You are employed in a dangerous job - like a lion tamer or any other equivalently dangerous job where the chances of loss of life are considerably higher than normal life b. You are seriously ill or c. You are very old (Usually older than 60 or more) Insurance co's sell life insurance policies only to those customers who they see as potential healthy adults who will lead a full life.
