Can You Take Out Life Insurance On Someone Else at Life

Can You Take Out Life Insurance On Someone Else. For example, many people have life insurance on their children. Policygenius can help you compare life insurance policies to.

Policygenius can help you compare life insurance policies to. The insured is the individual who will be underwritten by the insurance company which means, they will have to consent to coverage, sign the application and possibly take an exam. You also must be able to prove insurable interest at the time the application is submitted.

However, there are a few exceptions such as the ones above. Affordable, flexible term life insurance at your pace. Can i take out a policy on anyone? To take out a life insurance policy on someone else, you must have a financial insurable interest in that person.