: To fund a "buy-sell agreement" or protect the company from the loss of a key executive ("Key Person Insurance").
: As the policy owner, you are responsible for keeping the policy active. can you buy life insurance on someone else
AI responses may include mistakes. For financial advice, consult a professional. Learn more Can You Take Out a Life Insurance Policy on Anyone? - Aflac : To fund a "buy-sell agreement" or protect
Yes, you can legally buy life insurance on someone else, but only if you meet two specific legal requirements: and consent . Key Requirements can you buy life insurance on someone else
: Because you share debts, income, and household responsibilities.
: Discuss the policy with the person you wish to insure.
: To fund a "buy-sell agreement" or protect the company from the loss of a key executive ("Key Person Insurance").
: As the policy owner, you are responsible for keeping the policy active.
AI responses may include mistakes. For financial advice, consult a professional. Learn more Can You Take Out a Life Insurance Policy on Anyone? - Aflac
Yes, you can legally buy life insurance on someone else, but only if you meet two specific legal requirements: and consent . Key Requirements
: Because you share debts, income, and household responsibilities.
: Discuss the policy with the person you wish to insure.