The length of time it takes to get life insurance will depend on the insurance company and the type of life insurance policy you need, in addition to your personal health.

The traditional type of whole life insurance policy requiring a medical exam may take up to 4-6 weeks for you to get insured.

This may vary depending on the medical record requirements based on your health, and how long not takes to receive those records from your Doctor.

There are other types of policies available, including ...

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Usually, the insured takes out the life insurance policy on themselves and pays the premiums on the policy, either monthly, quarterly or annually, to the insurance company.

The named insured person of the policy should be someone family members depend on for financial support; such as, living expenses, so that if the insured dies, a life insurance policy replaces their financial support.

The insured is the person listed on the policy whose death prompts the death benefit payout to the benefic...

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Can I purchase a life insurance policy on anyone I choose to insure?

No. In order to buy life insurance on someone else, you must have an Insurable Interest in that person, and you need their permission in order to take out life insurance on them. The insurance company may also require the person's signature on the application for life insurance.

Insurable Interest means you either rely on the person for some means of financial support, or that you would suffer a financial loss should the perso...
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No, you cannot insure anyone for life insurance.

In order to buy life insurance on another person the insurance company will usually require that you have an insurable interest in the person you want to insure.

Insurable interest means you either rely on the person for some financial support, or that you would suffer a financial loss if the person were to die.

Insurable interest does exist between spouse, adult children and their parents, family members, and business partners, among others.

So, a...
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Yes, you can buy life insurance coverage on another person.

However, you are required to prove you have an "Insurable Interest" in the person you want to insure for life insurance.

Insurable Interest basically means that you either rely on the person for financial support, or that you would suffer some financial loss if the person were to die.

Individuals you can take life insurance policies out on include your spouse or domestic partner, your children, your dependents, and your business partner...
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Yes, you may be able to purchase a life insurance policy on someone else.

The insurance company will require that you have an "Insurable Interest" in the person you want to insure.

This means that you would suffer a financial loss if the person were to die, or that you rely on the person for some form of financial support.

There does exist insurable interest between spouses, siblings, parents and their children, family members, and business partners, among others.

In addition, if you want to insu...
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Yes, you may be able to get life insurance on your brother.

The life insurance company requires an insurable interest in the person you want to insure for life insurance.

Insurable interest means you rely on the person for some form of financial support, or you would suffer financially if the person were to die.

Insurable interest does exist between spouses, parents and their children, and siblings, among others.

So, you could buy life insurance on your brother, but you may need his permission, s...
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No, you can't buy life insurance on just anybody.

The life insurance company will require you to have an "Insurable Interest" in the person you want to insure for life insurance.

Insurable Interest means you rely on the person for financial support, or stand to lose money if the person dies. 

Insurable Interest does exist between spouses, siblings, parents and their children, relatives, and business partners, among others.

So, for instance, you may insure the life of your parent, but you will nee...
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Yes, you can take out a life insurance policy on someone else if you have insurable interest in that person.

Insurable Interest means that there is a financial tie between you and the person you want to insure for life insurance.

Either you would be hurt financially if the person were to pass away (because they owed you money, because they help support you, etc), or you are helping them financially now and life insurance would pay you back for your financial loss upon the oth...

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