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Life Insurance Policy for someone who is not familiar or are not married? Requirements?
What are the terms for the purchase of life insurance on someone who is not related by blood or marriage? Good website with information would be good too, please. Thanks!
To purchase a life insurance policy to someone, you have to have an "insurable interest" in that person. For example, you hear that Saddam Hussein will be hanged in a few hours. You can not go out and buy a policy from him because you have no genuine interest in your life or death. If it were possible to buy policies nilly to anyone, lazy and greedy types could buy a policy for a name in the phone book, and then go out and kill that person to get money. Do not believe someone has not tried …
Life Settlement Options, Buy Sell Life Insurance Policy
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Insurance for Dummies $8.73 Now updated — your guide to getting the best insurance policyAre you intimidated by insurance? Have no fear — this easy-to-understand guide explains everything you need to know, from getting the most coverage at the best price to dealing with adjusters, filing claims, and more. Whether you’re looking for personal or business insurance, you’ll see how to avoid common pitfalls, lower your … |
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