Can you get life insurance on your uncle?

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Asked March 8, 2011

1 Answer


Yes, you can get life insurance on your uncle as long as you have his consent and insurable interest. Insurable interest means that you would suffer a financial loss if your uncle were to pass away. Typically, insurable interest is established through family relationships or business arrangements. To purchase life insurance for your uncle, you will need to go through the underwriting process, which may include a medical exam and review of his health history. The cost of the life insurance premium will be determined based on his age, health, and other risk factors. It's important to note that some insurance companies may have restrictions on who can purchase life insurance for someone else. Additionally, insurance policies generally cannot be taken out on someone without their knowledge or consent.

Answered March 8, 2011 by Anonymous

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