Can You Get Life Insurance On Anyone at Life

Can You Get Life Insurance On Anyone. You'll need them to sign off on the policy and prove that their death could have a financial. To purchase a life insurance policy on someone else you need to prove insurable interest or prove that you will financially suffer in the event of their death.

Even if you’re taking out a life insurance policy on someone else and paying the premiums, they will still need to be involved in the application process. Can you get life insurance on anyone? You have to be able to prove an ‘insurable interest’ on the person you want to insure.

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The type of insurance plan you can buy on your parents depends on the age of the insured. But you can’t buy a life insurance policy on a. You can buy a life insurance policy on anyone with whom you have an insurable interest. That doesn’t mean purchasing life insurance on someone else is entirely off the table.