Is it legal to buy life insurance for someone else?

Credit and mortgage advice Forums Home Insurance Is it legal to buy life insurance for someone else?

This topic contains 0 replies, has 1 voice, and was last updated by  Anonymous 7 years, 1 month ago.



  • Author
    Posts
  • #388718

    Anonymous

    I want to know if this is possible with or without help from an adult, and if it’s legal.
    I’m 13 and my grandmother is getting old. My dad lives with her but he has mental issues.
    I don’t think they’ve considered life insurance.
    A- If she already had life insurance would it be fraud to get ..well, more?
    B- Consider that her insurance money would NOT go to me. Neither would the inheritance.
    C- Could I do this without her knowing? I think telling her “Hey, grammie, you’re old, you’re gonna die soon anyways, let’s take care of the money first” SOUNDS REALLY BAD. Also, it could depress her. She doesn’t seem to acknowledge that she’s old…

    So I need legal advice.
    (Yes I know life insurance is a monthly cost. I’m willing to pay that.)



You must be logged in to reply to this topic.

Register New Account
Reset Password