 What do i do for insurance??? |
| My husband found out today that before March 10, the company he works for will lay off 550 employees. We are expecting our first child in May. The insurance through his company is what i have. When ... |
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 My G.Mom has had a life insurance policy 4 yrs. why is it only worth $500.? |
| My grandma is 91 yrs. old She's been paying on this same policy long befor I was born , and I'm 55 yrs old. I need some answers.This all seems like a big "rip off".... |
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 How to start talk with the person when you don't know him? |
| Actually, I am the advisor in "Reliance Life Insurance", this difficulty I am facing to contact the unknown person.... |
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 What can I do if my employer does not provide health insurance? |
| I work at a local family owned real estate office. I've been needing to get health insurance and my employer does not provide it. Someone mentioned to me to apply for ACCESS but I dont know what ... |
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 I HAVE HAD A CAR ACCIDENT IN CYPRUS AND I WAS PASSANGER,SHOULD THE INSURANCE PAY ME NOW BECAUSE I CANT WORK? |
| I CANT FLY HOME BECAUSE OF INJURIES AND THE INSURANCE WILL PAY FOR ALL DAMAGES AFTER IT IS SETTLED BUT ARE THEY OBLIGED TO PAY ME SOME MONEY NOW BECAUSE I CANT WORK AND I AM STUCK IN A COUNTRY WITH NO... |
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 I am a high risk driver and need sr22 form. Does anyone know who would insure me.? |
Additional Details
It's actually for my 18 year daughter who had license suspended for 3 months for 18 points in 18 months. Needs insurance badly.... |
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 Health insurance. Help so confused!!? |
| I don't know how the whole thing works. What is coin insurance? It will be My husband, my daughter, and myself on a plan. When i type all that in and then it gives me the decuctable. Is that per ... |
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 Is it okay to call at-fault driver to see if he has insurance? |
| I have Geico and a $500.00 deductible. They say if I file with the at-fault driver's insurance, it will save me the deductible. They only go after the other person's insurance if I file ... |
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 I am pretty much homeless, I have an annuity, can i take that out for emergencies? |
Additional Details
Um yea, thanks for your answer Erica. I am on my uncles pc just so you know. And I said pretty much. If you didnt know, there was no reason for you to answer. Thank ... |
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 Which home insurance company should I choose? |
| I'm currently shopping for home insurance and I need some answers quickly. I currently have Allied Insurance and am thinking switching over to Western Mutual because of the cost for the policy. A... |
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 Can I purchase Zyban under my insurance? |
I am going to try Zyban or Chantix, but are they covered by my company health insurance?
Some of my friends say Yes, some say No.
T... |
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 Seriously...How do you really understand your car insurance coverage? |
| It's certain things that the company doesn't make very known about how much is paid if an accident occurs. Can someone help me? I recently purchased a policy with Geico. 500 deductible on ... |
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 I need 2 insure my car? |
| can u recamend a cheap incurance company?... |
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 In what way is this covered? |
| My car was broken into at my parents house. The stereo was stolen out of the car along with personal items (Clothes & such). I filed a claim with my car insurance and they are paying for the ... |
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Ava | Would it be illegal to get lots of life insurace policies out on tramps/ heavy drug takers? |
I don't mean killing them or anything, but taking out life insurance who were likely to die soon? |
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rcdrury
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You've got to consider that life insurance is underwritten according to categorized risk (actuary), and those you've described would represent tremendous risk to the insurance company. It may be possible to obtain a guaranteed or simplified issue policy.
The other hurdle you need to clear is to show an insurable interest in the insured. This means that the beneficiary must be in a position to suffer a financial loss by the death of the insured. Also, the motive for seeking the coverage would likely be part of this determination. It may be possible to name a relative of the insured as the beneficiary, then change the beneficiary after policy issue. You, as the policy owner can normally do this without any justification.
Finally, you must have the insured's consent on the application. But no, it is not illegal.
Addendum regarding SimonC's answer: Life insurance policies generally do not exclude preexisting medical or health conditions. The policies are either declined or rated with a higher premium. |
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crazydave
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They would never pass a blood test and the insurance company would never approve a policy. |
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src50
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Not only illegal, but impossible to do. |
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laura b
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you ahve to pay for life insurance policies, they base the price on risks...if someone is going to die soon they would either refuse to take a policy or it would cost ALOT! |
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SimonC
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Any life insurance premium takes account of any high risk factors in the insured person's lifestyle. Also, any preexisting conditions, included complications of drug or alcohol abuse would not be covered. If you could find a company that would offer cover in principle they would always require a medical, or at least a detailed interview with the insured person.
But all of this is irrelevant to the question. You can only take out a life insurance policy on yourself, immediate family and dependants, or someone whose death would cause you direct financial loss (eg a business partner). You cannot just take out life insurance on someone who looks like they are on their last legs. |
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Lucinda L
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There are always questions about the health etc of people on life insurance forms so you would have to divulge that they were, for example, drug addicts (meaning they wouldn't give you insurance) or it would be invalid. |
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scottyboy2188
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Not illegal, but you wouldn't be able to pull it off. They'd have to provide medical history and a blood test most likely, and you would also need some sort of insurable interest to even take out the policy on them.
Trust me, this isn't an original idea :) |
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Casino Rob
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Best question Yahoo Answers has ever seen. Just genius :) |
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Lily B Talus
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No, but the insurance companies wouldn't accept them because of their lifestyles. |
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ultramarine autumn
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Not illegal per say, but they wouldn't get approved, and it's morally wrong. |
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sparkle555_2000
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Here in the UK, it would be illegal under the Life Insurance Act 1774 (a very old law, I know!). In order to take out a life insurance policy on someone's life, there has to be insurable interest at the time of the inception of the policy. In other words, the insured person would have to be a relative (eg a parent or a spouse) or some other person upon whom you rely financially.
You can't just take out a policy on some random stranger; that would be considered a form of immoral gambling. Even if you did manage to set up such a policy, it wouldn't pay out, as it would be void. |
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