 Our neighbours shed was set alight and set fire to our fence and shed/shed contents..? |
| we are insured and our insurance said to claim and they will get money off neigbours insurance company..only prob is our premium will go up and we will have to pay 100 ecsess..they said this is how ... |
|
 Why Should Health Coverage be free? |
| How could this be possible or be workout out in the government?... |
|
 Does auto insurance cover stolen in dash cd players.? |
IT happened to my brother
Additional Details
It happend to my brother, we use state ... |
|
 I'm pregnant and lost my job recently therefore have no insurance Could I be added at my husband's? |
| Even if I'm 6 months pregnant would the insurance co. accept me and take care of the rest of the pre-natal care and delivery?? Then after all is done that can I pull out??... |
|
 When insuring a home, are you covering the appraisal of home, the purchase price, or cost to rebuild? |
| Which number do I shoot for ? Different people are telling me different things & we are first timers over here. HELP!!... |
|
 Gap Insurance? |
| Is it really necessary? I just bought a 2007 Jeep Patriot and it is being offered by my credit union. I know it prob is a good idea, but, when your counting each penny - is it a REALLY GOOD idea?... |
|
 Do you think buying gap insurance is worth buying for a used car in the $11,000 range? |
| the car blue books for over $12,000 so i did not get it with my financing but I have seen online that you can get it for a one time premium of $299... |
|
 I ran my car into a bus and I had no insurance.The cops took my car and licence and told me they would arrest |
| The cops gave me a ticket and said they would arrest me if the information I gave them was wrong. I couldn't provided them with an insurance slip because I don't have insurance but I didn�... |
|
 Life insurance? Which should I choose? Term or whole life for my family? |
| I have heard whole life sounds good with cash value after awhile but really does not pay and isnt worth it?... |
|
 What to do when home owner insurance premium is raised after billed and paid, with no reason given by agent? |
| Received a bill for an additional $106, agent said the mortgage company failed to pay entire premium. But amount paid matched the amount of the renewal letter I had received. Person in office asked ... |
|
 Do I need to get tested for smoking to get health insurance? |
| Im not a smoker but I can have the occasional cigarette with ... |
|
 Do Different Car Insurance Companies Really Have Different Rates? |
| I keep seeing ads on TV which claim this or that car insurance company is cheapest. Are they really that different, or is this just marketing?... |
|
 Health insurance question? |
| i am 27 yrs old and i need to know what is a normal deductable on health insurance is mine is 2500 i dont go to the doctor that much is this to ... |
|
| Whole life policy only $6000 after paying for 50 years??? |
| My mom has been paying on a whole life policy for over 50 years. The benefit amount is now only $6000. I think she could have had more than $60,000 had she put this money in a bank instead. Is ... |
|
 Can I take my auto insurance to a lawsuit they did't explain that my husband was excluded on the auto ins.? |
| It's been hard to my husband and me because we tought we had coverage but my insurance told us that my husband was excluded and not included in my auto insurance. And I talk to the lady who sell ... |
|
|  |
daddydriver1 | About life insurance.......? |
My nephew told me that you can take out a life insurance policy on anyone at anytime.....is this true? For example,would it be illegal and/or immoral if my nephew took out a life insurance policy on one of his grandparents,who he knew was getting old and didnt have much longer to live?Could he actually do this and cash in on it? |
 |
 
~ *STAR* ~
 |
That's not entirely correct.
there are limits depending on the state you live in and you have to prove insurable interest like
if the person is a business partner, a husband or wife, etc.
in California you may insure your spouse up to $50,000 without him or her knowing it. |
|
mbrcatz
 |
For the most part, yes, it's true, HOWEVER, you need their permission and cooperation.
Also, just because he can take a policy out, doesn't mean it's going to be cheap!!
But if they signed off on the application, gave the blood/urine/saliva samples, released their medical information to the company, AND he was willing to pay the premiums (depending on their age, it could be MORE than the payout!!) he can surely take out the policy on them.
The factor you're leaving out here is, insurance companies base premiums on the odds of dying. They HAVE to, to stay in business. So if they've one foot in the grave, he's NOT going to make any money out of the deal. |
|
ebuyfaxe
|
not exactly |
|
Makotto
 |
One of the basic concepts in life insurance is the idea of insurable interest. Insurable interest means that a person must have some kind of economical interest in the life of another to be able to buy life insurance.
For example, a father of a 5 year old will have insurable interest on the life of his son, because should the son pass away, the insurance will help to aliviate the economical burden generated by the last expenses (funeral services, etc). A wife will have insurable interest in her husband because should he pass away, her lifestyle will be compromised by the disapereance of the income generated by the husband.
For your nephew to buy insurance on his grandfather he will have to prove that he has some kind of economical interest on his grandfather's life. |
|
aaron p
 |
Insurance companies won't question insurable interest too heavily on a grandparent or grandchild relationship, although your nephew should be ready to explain why he's doing it. As mentioned, his grandparents will need to consent to get tested and sign a bunch of papers.
Contrary to popular opinion, the rate of return on life insurance policies actually looks better the older the insured is. Sure it's more expensive, but you pay for a shorter period of time. That's one of the reasons why premium financing (where you take out a loan to pay the policy and pay it back at the insured's death) is only talked about with older folks.
Immoral is a whole other question altogether. |
|
JB1977
|
One cannot take out an insurance policy without their knowledge. If your nephew wanted to pay for a policy that his grandmother wanted to take out, then that is ok. Signatures must be put on all applications as well. If your nephew meets with an agent, and signs his grandmothers name to an application, then your nephew has committed forgery, attempted insurance fraud, and the agent was his accomplice. Do not fret. Unless Grandma knows, he ain't taking out a thing. Good luck. |
|
cmebDUCKs
|
sounds morbid |
|
keepingmyfaith
|
I highly doubt it, now adays the person who is been insured need to take a physical, which not only consist a questionnaire but blood work and their medical history also determines if the person can be insured.
However, I have heard of in some cases where individuals take out a policy that has a high premium. Most likely they would have to sign the policy even if you are paying for it does not mean you will be the beneficiary. |
|
avaldreteiv
|
Two things would have to be done in order for him to that 1) he would have to prove that he has an insurable interest meaning that he has financial need for the insurance on his grandparents, ie he is the only next of kin and would have responsibility for their care after they have passed on. (2) He would have to have their consent to some form of physical... and most people over the age of 55 have to have blood and urine samples taken to get any amount of insurance.
Not to mention the legality AND moralality you mentioned. Tell your nephew to stop taking CSI so litterally, it is just a TV show, and not EVERYTHING in it is true. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
11 | 2 minutes(s) ago
| | | |
11 | 12 minutes(s) ago
| | | |
11 | 43 minutes(s) ago
| | | |
11 | 1 hour(s) ago
| | | |
11 | 4 hour(s) ago
| | | |
11 | 5 hour(s) ago
| | | |
11 | 8 hour(s) ago
| | | |
11 | 2 day(s) ago
| | | |
11 | 6 day(s) ago
| | | |
11 | 2 week(s) ago
| |
|
Homepage 
Financial
Forum 
Insurance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
