Can I buy a Life Insurance Policy on someone I don't even know?
Seriously.
For instance, If I took out a policy on Bob Barker, I could expect a payout in about three to five years.
Can I insure someone lacking their knowledge or permission?
(note: it isn't as if I would do anything to get a move on the process)
Answers:
Of course not!
No you can not. First of adjectives, you would have to show insurable interest, meaning that their extermination would have some financial impact on you.
Second, they would have to sign the application, HIPPA form, ect. They would also hold to complete and medical exam.
There would be no way you could legally embezzle a policy out on someone you don't know.
No. There is a good object for this. Can you guess what it is?
No, if so, everyone would be rich.
No way, but what you are talking roughly doing is essentially gambling on someone's death. You might be capable of get a british bookmaker to give you probability on that, so long as the person was not on death's door.
Not possible
no. The insured person has to consent to coverage self placed on their life.
Absolutely not! The insured person has to sign the application.
no, not really, unless insurance fraud
No, you can't. You can't buy a policy for someone else, lacking their signing their consent, AND agreeing to blood tests and release of medical records.
Related Questions:
For instance, If I took out a policy on Bob Barker, I could expect a payout in about three to five years.
Can I insure someone lacking their knowledge or permission?
(note: it isn't as if I would do anything to get a move on the process)
Answers:
Of course not!
No you can not. First of adjectives, you would have to show insurable interest, meaning that their extermination would have some financial impact on you.
Second, they would have to sign the application, HIPPA form, ect. They would also hold to complete and medical exam.
There would be no way you could legally embezzle a policy out on someone you don't know.
No. There is a good object for this. Can you guess what it is?
No, if so, everyone would be rich.
No way, but what you are talking roughly doing is essentially gambling on someone's death. You might be capable of get a british bookmaker to give you probability on that, so long as the person was not on death's door.
Not possible
no. The insured person has to consent to coverage self placed on their life.
Absolutely not! The insured person has to sign the application.
no, not really, unless insurance fraud
No, you can't. You can't buy a policy for someone else, lacking their signing their consent, AND agreeing to blood tests and release of medical records.
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