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by ernesto_tig - 11 hours ago
The person taking out the policy must have the consent of the person who the policy is to cover. The application must be sighed by both parties and the insured typically has to consent to a medical examination, (blood, urine, saliva samples, med questions). The exception to this is the parent or guardian of a minor child.
by RB - 11 hours ago
Only if the person taking out the policy has something to lose if you pass away. In other words, you cannot take out a policy on Bid Ladin, as you would not gain anything personally with his demise.
by Mr. Prefect - 11 hours ago
It does get asked about once a week, and the answer is still "Yes", but only in limited circumstances. In order to qualify for the program below from Lloyd's of London, you need to be able to prove an insurable interest by contract (such as a business contract or a divorce settlement).
by aaron p - 11 hours ago
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