Consumption and Real Estate
What Life Insurance Company will buy you a policy to your parents and pay for them?
Which company is required is a paper from the parent and the child be allowed to fill the life insurance business?
This entry was posted by admin on May 25, 2010 at 4:42 am, and is filed under Property Insurance. Follow any responses to this post through RSS 2.0.You can leave a response or trackback from your own site.
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#3 written by MostChoice.com 1 year ago
As the other answerers have said, pretty much every life insurance company. It’s not that much different from if you take a life insurance policy out on yourself, except your parents are the insured and not you. They have to answer medical questions and perhaps undergo medical examinations. They are the insured and you are the policy owner. The paper giving the child permission would be your parents filling out the application, signing it, et al.
If you’d like to talk with local life insurance agents without any obligation and view online instant life insurance price quotes, try MostChoice.com.
http://www.mostchoice.com/life-insurance.cfm
Hope this helps,
Barnes@MostChoice -
#4 written by ricks 1 year ago
Most any company will. The owner of the policy does not have to be the insured. Most likely, both of you will have to sign forms & they will answer some health questions. In some instances, they may need a physical. Depending on the policy type, amount, age, or other factors, they may not require an exam.
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#5 written by C R 1 year ago
‘Insurable interest’ as the person stated above, is one key factor.
Another key factor is whether or not your arrangement would present a ‘moral hazard.’ That means the company has to evaluate whether the situation of having life insurance on someone other than yourself presents a temptation so strong you might do something illegal to benefit.
In the end, because of the temptation of financial gain, I believe you will find very few children with policies on their parents.
Unless you are their legal guardians, your parents would have to be the policy owners. You could simply pay the premium when it comes each month.
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#6 written by some advice 1 year ago
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Any company will do it, but you will need their signature on the application. Also, if you are in a different state then they are, you are better off getting a quote from their state. You can get one here. http://www.kqzyfj.com/click-2177451-10426215 Make sure to only deal with independent agents, who can sell for any company.