: Discuss the policy with the person you wish to insure.
: It is virtually impossible and often illegal to secretly buy life insurance on another adult. Forging a signature is a criminal act that can invalidate the policy.
: To fund a "buy-sell agreement" or protect the company from the loss of a key executive ("Key Person Insurance"). can you buy life insurance on someone else
Are you looking to insure a or a business associate , and do they already know you're considering this?
: Useful if you would be responsible for their final expenses or medical bills. : Discuss the policy with the person you wish to insure
AI responses may include mistakes. For financial advice, consult a professional. Learn more Can You Take Out a Life Insurance Policy on Anyone? - Aflac
: Both you (as the owner) and the insured person must sign the paperwork. : To fund a "buy-sell agreement" or protect
: The insured person provides health history and may take a medical exam .