: Because you share debts, income, and household responsibilities.
: Discuss the policy with the person you wish to insure. can you buy life insurance on someone else
Yes, you can legally buy life insurance on someone else, but only if you meet two specific legal requirements: and consent . Key Requirements : Because you share debts, income, and household
: You must prove that you would suffer a legitimate financial loss or hardship if the person died. This prevents people from "gambling" on the lives of strangers. : Because you share debts
AI responses may include mistakes. For financial advice, consult a professional. Learn more Can You Take Out a Life Insurance Policy on Anyone? - Aflac