Thursday, November 26, 2020

Can You Get Life Insurance on Someone You Don’t Know?

No, you can't buy life insurance on someone you don't know.

 

In order to purchase life insurance on another person you need an Insurable Interest in that person, and you would need their consent - permission to get the insurance.

 

Usually, the insurance company would require the signature on the application for life insurance coverage of the person you wish to insure for life insurance. 

 

That person would need to sign the application for life insurance coverage, which would verify that the person is aware of the life insurance coverage.


To learn more, here's a helpful article for your review: "Can You Get Life Insurance on Someone You Don't Know?"

 

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