Can Someone Buy A Life Insurance Policy For Someone Else Without Their Knowing?
Posted June 15, 2009 – 11:33 pm in: structured settlements FAQI’m worried that someone may have bought a life insurance policy for me without my knowing. Is this legal? And is there any way for me to find out whether someone has a policy on me?
Tags: Else, Insurance, Knowing, Life, Policy, Someone, Their, Without
3 Comments
Nope. A person can only buy the policy for another if the former is dependant on the latter. For example a parent and his/her child. Plus, this can’t happen if you’re above 18 which will then only allow you to buy your own policy.
The person buying a policy must usually have an “insurable interest” in the person being insured. Example: A parent buying a policy for a child. Part of the application ususally asks for the relationship of the owner to the insured.
no longer legal.
if they did , what does it matter to u ? u didn’t pay for it.
is the some one a person u know?
yes -ask them. no? why worry.