Can I Buy Life Insurance on Someone Else’s Life in 2026?
Can I Buy Life Insurance on Someone Else’s Life? What You Need to Know in 2026 Can I Buy Life Insurance on Someone Else’s Life? The answer is yes you can as long as you have insurable interest and legal consent. The question of purchasing life insurance on someone else’s life has been raised frequently. With some suggesting it may indicate suspicion of wrongdoing. Many people believe that the insured individual named on a life insurance policy must also be the owner. Often this assumption is not the case. You can legally purchase life insurance that pays the face amount …
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