Can You Get Life Insurance On Anyone?

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   David Osgood

   Agent, Rural Mutual Insurance Co., Union Grove, WI

   Typically to purchase life insurance on someone there must be an insurable interest. Insurable interest is the presence of some potential loss which the owner or beneficiary will suffer upon the insured's death. Those who are connected by ties of blood or marriage are considered to have an insurable interest if the death of the insured would mean financial loss, either of income or because of estate settlement needs.

   Answered on September 20, 2013

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