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 without their knowledge or permission?
(note: it isn't as if I would do anything to accelerate the process)
2006-11-01 04:12:44 · 10 answers · asked by mmd 5 in Business & Finance ➔ Insurance
No way, but what you are talking about doing is essentially gambling on someone's death. You might be able to get a british bookmaker to give you odds on that, so long as the person was not on death's door.
2006-11-01 20:51:58 · answer #1 · answered by Shaun A 2 · 0⤊ 0⤋
No you can not. First of all, you would have to show insurable interest, meaning that their death would have some financial impact on you.
Second, they would have to sign the application, HIPPA form, ect. They would also have to complete and medical exam.
There would be no way you could legally take a policy out on someone you don't know.
2006-11-01 04:28:41 · answer #2 · answered by KE 2 · 0⤊ 0⤋
Absolutely not! The insured person has to sign the application.
2006-11-01 04:14:46 · answer #3 · answered by Jane 3 · 0⤊ 0⤋
No, you can't. You can't buy a policy for someone else, without their signing their consent, AND agreeing to blood tests and release of medical records.
2006-11-01 04:58:50 · answer #4 · answered by Anonymous 7 · 0⤊ 0⤋
no. The insured person has to consent to coverage being placed on their life.
2006-11-01 04:53:06 · answer #5 · answered by Emily B 4 · 0⤊ 0⤋
Of course not!
2006-11-01 06:03:21 · answer #6 · answered by Courtney 3 · 0⤊ 0⤋
No. There is a good reason for this. Can you guess what it is?
2006-11-01 08:05:34 · answer #7 · answered by mei-lin 5 · 0⤊ 0⤋
Not possible
2006-11-01 04:14:25 · answer #8 · answered by gauri s 2 · 0⤊ 0⤋
no, not really, unless insurance fraud
2006-11-01 08:08:53 · answer #9 · answered by Jinha 2 · 0⤊ 0⤋
No, if so, everyone would be rich.
2006-11-01 04:22:21 · answer #10 · answered by hello 6 · 0⤊ 0⤋