2006-10-29 02:04:34 · 11 answers · asked by Joeschmo 1 in Business & Finance ➔ Insurance
Yes. As long as they pay the first month premium to start the qualification process, the insurance company won't care if you are working or not. As long as you pay the premiums, no one cares. Its all profits to the insurance company (until someone dies).
2006-10-30 17:24:22 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Yes, but the amount you will qualify will depend. For instance, if you're a stay at home mom, most companies will issue insurance of up to 50% of the total life insurance on the life of the working spouse. The surviving spouse may work less to spend time with the children, and thus have an income replacement need.
2006-10-30 13:44:43 · answer #2 · answered by Byron Udell 2 · 0⤊ 0⤋
Absolutely, any one can buy life insurance on any one as long as that person is relatively healthy. if you want life insurance on your self or another, call around for the best rates. The rates are based on location, age, health of the "AREA" and the amount you want. My recommendation is to NOT look on the web....not for any kind of insurance. My experience is the web companies are typically 20% and up higher
2006-10-29 10:09:51 · answer #3 · answered by SKayeMesqTX 2 · 0⤊ 0⤋
Absolutely, yes.
If something were to happen to a stay-at-home parent, income would be needed to pay for the full-time care of the children and household duties while the other parent continued to work. It's a smart idea for anyone in that situation.
2006-10-29 10:24:55 · answer #4 · answered by BoomChikkaBoom 6 · 0⤊ 0⤋
Of course.
However, the insurance companies do ask financial questions.
2006-10-30 07:58:23 · answer #5 · answered by derek 4 · 0⤊ 0⤋
Absolutely. It's actually VERY common for stay at home moms, because if SHE kicks off, you have to hire a nanny, cook, and chauffer.
2006-10-29 11:01:47 · answer #6 · answered by Anonymous 7 · 0⤊ 0⤋
Why not? Just that it might become slightly more expensive to buy though.
2006-10-30 00:02:28 · answer #7 · answered by floozy_niki 6 · 0⤊ 0⤋
Yes, my husband has it on me and I am a stay at home mom.
2006-10-29 10:26:15 · answer #8 · answered by Jamie M 3 · 0⤊ 0⤋
yeah as long as you pay the premium
2006-10-29 10:07:23 · answer #9 · answered by Lg 4 · 0⤊ 0⤋
yup
2006-11-02 09:44:04 · answer #10 · answered by nbr660 6 · 0⤊ 0⤋