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can u get a life insurance without a social security number

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The answer to this question is yes, it is possible. However, before you decide to take out a life insurance policy without providing a social security number for any individual you should know that these companies are using this number for a number of different reasons including your own best interest. For instance, here are a few reasons why the social security number for that individual is important.

  • Social Security numbers are used by the insurance company and their representatives to aid in protecting the individual and the insurance provider against any cases of fraud. Simply put, the SSN helps to lessen the chances of fraud being committed in that particular situation.
     
  • The social security number is used to secure records that they need in order to make certain decisions and it can be in the interest of the insured person since it helps to determine rates for the policy. For instance, the SSN is needed by the insurance provider to gather medical information like doctor’s records, patient medical history, as well as other relevant information.
     
  • The formal evaluation must be done to approve these policies so the social security number is needed in order to establish the guidelines and rates for the policy that is being purchased.
     
  • The beneficiary will not need an SSN to claim the policy but they will have to supply certain types of identification to be compensated. So, anyone can leave their life insurance to anyone that they select.


Additionally, it is also important to note that not all companies will issue an approval a policy without the social security number. Hence, when you do not have a social security number you will need to shop around to find a life insurance provider that will not require it of you.

answered May 2 by ronanona (3,070)
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