Can You Open A Life Insurance Policy On Someone Else?

1. 

   63333 POINTS

   view profile
   Peggy Mace

   Most of the U.S.

   You can open a life insurance policy on someone else if you have an insurable interest in that person's life, and if you have the consent of the person whose life you are taking out the life insurance on. These are safeguards to prevent people from insuring someone for a profit, or from putting the lives of others in jeopardy.

   Answered on July 13, 2013

   flag this answer
Did you find these answers helpful?
Yes
No
Go!

Add Your Answer To This Question

You must be logged in to add your answer.