We will need this insurance to pay for her funeral in maybe the next 5-10 yrs.
2006-12-20 03:19:13 · 10 answers · asked by Sexy legs 1 in Business & Finance ➔ Insurance
Yes, assuming she's insurable pursuant to the insurer's underwriting guidelines. However, in order to sign for her, you must have a court-appointed Power of Attorney.
2006-12-20 03:50:46 · answer #1 · answered by Suzanne: YPA 7 · 0⤊ 0⤋
In order to get a life insurance policy on anyone, you must have an interest in their life (you are related, that counts) You must have permission of the person you are obtaining the insurance on, thus the need for a signature. If she cannot sign, the mark must be witnessed by a notary.
However, if she has no mobility in her hands, it may not be possible to get insurance on her, depending on the specific situation. If she has neuropathy due to diabetes, she will be a decline with any company, so it depends upon her health.
Life insurance must be purchased before the need is imminent. You can understand why a homeowner's insurance would not issue a policy with the roof on fire, the same is true of life insurance. If the person's "roof is on fire", the life insurance company will decline issue of the policy.
2006-12-20 16:10:36 · answer #2 · answered by Michael R 1 · 0⤊ 0⤋
It is amazing that people try to answer questions without having a clue as to what they are talking about. You CAN NOT take out life insurance on anyone you want to. You must have insurable interest in order to purchase insurance on someone. You do have that with your Aunt and can purchase a policy. I have written insurance on people who could not write. Generally it requires them to make a mark on the application and have it witnessed by two people. Call a local agent and they will be glad to help you get the insurance you need.
2006-12-20 12:33:17 · answer #3 · answered by deep5223 4 · 0⤊ 0⤋
yes, as long that you are the beneficiaries for the whole insurance policies. Meanwhile, if really need a signature from your aunt but she has lost the mobility, you may required the insurance agent to personally withness, declaration of interest under commission for oath or else thumb print together with myKAD
2006-12-20 11:23:33 · answer #4 · answered by SMI Funding Solution Provider 1 · 0⤊ 1⤋
Yes, as long as she is not over 75. Go to AIG Assurance or a similar insurer like Penn Life and purchase senior insurance with no medical or other health questions.
2006-12-20 11:24:41 · answer #5 · answered by Ted 6 · 0⤊ 1⤋
You can buy a life insurance poilcy on anyone as long as you are paying the premium, and I am guessing that you are going to be looking a very high preimum anyways, I would just call and find out what you are looking at and ask all of these questions to your insurance agent!
2006-12-20 11:30:00 · answer #6 · answered by randyssgirl25 2 · 1⤊ 1⤋
i suspect this is highly illegal. you do not want to get caught up in insurance fraud. if the aunt wishes to sign the doc, and is in sound mind and body, then go to a notary to get it signed. it's better to be safe than sorry. insurance companies are out to make money. if they sniff out any potential fraud, you could be paying on a policy you could never benefit from. good luck!
2006-12-20 11:22:41 · answer #7 · answered by doogan 2 · 0⤊ 0⤋
First thing first, is there anything wrong with her mind? If not let her help you decide about health insurance. If she would like she can appoint you or whomever she wants to be her hands for her.
2006-12-20 11:24:12 · answer #8 · answered by breitlastmouse 2 · 0⤊ 0⤋
You can take out life insurance policies on anybody you want, without their knowledge. If you take one out on George W. Bush, you will have to worry about the secret police finding out and watching you.
2006-12-20 11:22:48 · answer #9 · answered by steve d 4 · 0⤊ 2⤋
Nope, however she pays the rest of her bills, that's how you get her to sign the application. If she has a power of attorney, THEY can sign it, with a copy of the POA form.
2006-12-20 14:46:36 · answer #10 · answered by Anonymous 7 · 0⤊ 0⤋