Can You Buy Life Insurance On Someone Else May 2026

Are you looking to insure a or a business associate , and do they already know you're considering this?

: As the policy owner, you are responsible for keeping the policy active. can you buy life insurance on someone else

: The insured person provides health history and may take a medical exam . Are you looking to insure a or a

AI responses may include mistakes. For financial advice, consult a professional. Learn more Can You Take Out a Life Insurance Policy on Anyone? - Aflac AI responses may include mistakes

: Parents can often buy policies for minor children without the child's signature to protect their future insurability.

Yes, you can legally buy life insurance on someone else, but only if you meet two specific legal requirements: and consent . Key Requirements

: To fund a "buy-sell agreement" or protect the company from the loss of a key executive ("Key Person Insurance").