Can Buy Life Insurance Someone Else -

In almost every case, the person being insured must know and agree to the policy. They typically have to sign the application and may need to undergo a medical exam. Common Scenarios Where This Is Allowed

You must prove that you would suffer a financial loss or hardship if the person were to pass away. You cannot insure a stranger or a casual friend. can buy life insurance someone else

Insurers generally recognize "insurable interest" in the following relationships: Can You Take Out a Life Insurance Policy on Anyone? - Aflac In almost every case, the person being insured