2007-10-28 05:10:23 · 6 answers · asked by mesha 1 in Business & Finance ➔ Insurance
No, you also need their signature on the application, you need them to release their medical records to the insurance company, and to consent to a paramedical exam including bloodwork, urinalysis, and saliva tests.
2007-10-28 05:36:19 · answer #1 · answered by Anonymous 7 · 0⤊ 0⤋
No. The person writing the contract usually has to physically see the person, because there would be medical underwriting, depending on the coverage applied for. Also, you need an interest, or reason, to insure that person. For example, an insurance company would find it suspicious if you wanted to be the owner/beneficiary of a policy on your neighbor Bob, who would be the insured. They would wonder why you want Bob insured. Now, on the other hand, say Bob fathered your child, but you're not married, now that would give you a reason to insure Bob's life.
2007-10-28 20:01:02 · answer #2 · answered by Anonymous · 0⤊ 0⤋
NO. You must have a reason to have life insurance on the insured person. The insured must be a family member, he/she must owe money to you, or must be a critical employee to your business.
Talk to an insurance agent.
2007-10-28 12:52:38 · answer #3 · answered by insuranceguytx 5 · 2⤊ 0⤋
Insurance is not intended to be run like a sportsbook. You need insurable interests.
2007-10-28 12:41:49 · answer #4 · answered by Dimples_in_NJ 3 · 1⤊ 0⤋
You have to have an insurable interest to prevent fraud.
2007-10-28 20:16:32 · answer #5 · answered by Irish 7 · 1⤊ 0⤋
floor#2 is right
2007-10-28 12:49:39 · answer #6 · answered by Anonymous · 0⤊ 0⤋