Who Can Buy A Life Insurance Policy?

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   Peggy Mace

   Most of the U.S.

   Almost anyone who wants to buy a life insurance policy can do so. If they are buying it for themselves as the insured person, they must have some sort of income or assets to financially qualify for the amount they are purchasing. If owning a policy on someone else, there must be a close family tie or insurable interest. In the US, those buying life insurance must be citizens, have a Green Card, or (with some companies) have a work Visa.

   Answered on July 12, 2013

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