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2006-10-29 09:10:13 · 6 answers · asked by Ron W 1 in Business & Finance Insurance

6 answers

Yes. You can take a policy out on her with yourself as the beneficiary.
Happens all the time.
I took out policies on both my parents with myself as beneficiary.
I did it to help pay for whatever leftover funeral expenses there may have been and travel costs associated with it.
Luckily, I've only needed one of the two so far.....

2006-10-29 15:38:03 · answer #1 · answered by markmywordz 5 · 0 0

Yes, you can get a life policy on any of your relatives. Since there is an insurable interest you will be able to get the policy. You will have a variety of plans to choose from. Is you mother going to sign the paperwork or do you plan on getting a policy without her knowledge?

I would recommend speaking to a competent insurance agent before securing a insurance policy. To check out the various life insurance types and to get a quote go to: http://www.insureme.com/landing.aspx?Refby=614500&Type=life. It’s a web site that will give you the information required to make a decision on which policy is right for you. It also gives you the option to call local agents to get any of your questions answered. Hundreds of companies use this service, which makes it very easy for a consumer to find the best price for a specified amount of coverage in minutes. Policies start at as little as $3 per month.

Ron @ InsureMe

2006-11-02 15:22:29 · answer #2 · answered by ? 2 · 0 0

Yes. If she's not a ward of someone, she'll need to sign off on the application. She will need to have some bloodwork done by the insurance company, and she will have to permit them access to her medical records for rating purposes.

No matter how bad her health is, you can ALWAYS buy the insurance, even if it costs, for example, face value of the policy plus 10%.

2006-10-30 08:03:25 · answer #3 · answered by Anonymous 7 · 0 0

You can't, because there is no insurable interest. She can get one on you but not the other way round. She can however, get one on herself and name you as beneficiary.

2006-10-29 23:57:48 · answer #4 · answered by floozy_niki 6 · 0 0

sure , you could have one....just inquire on any life insurance company on your area...

2006-10-29 17:16:52 · answer #5 · answered by jah2 1 · 0 0

You sure can.

Thinking of making some fast money?

2006-10-29 17:18:04 · answer #6 · answered by Anonymous · 0 0

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