Showing Tag: "life insurance on my brother" (Show all posts)

Can I Get A Life Insurance Policy On My Brother?

Posted by hadley hadley on Tuesday, March 18, 2014, In : Life Insurance FAQ's 

You can buy a life insurance policy on your brother if you have an “insurable interest” in his life. 

This could include being his custodian if he is not yet an adult, or handicapped, being his business partner, being responsible for his outstanding debts, and other scenarios. 

It would be challenging to think of an instance when you would be denied the privilege of insuring your brother.  Of course, your brother has to cooperate. This means, he will need to answer some...


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Can I Take Out A Life Insurance Policy On My Brother?

Posted by hadley hadley on Saturday, February 15, 2014, In : Life Insurance FAQ's 

Yes, you may be able to buy a life insurance policy on your brother if you have an 'insurable interest" in your brother.

Insurable Interest means that there is some sort of financial link between you and your brother. Either you rely on him for some financial support, or you may suffer financially if he were to die.

Your brother would, of course, need to cooperate in the process, sign the application for life insurance and provide medical information.  There are many circumstan...


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Am I Able To Get Life Insurance On My Brother?

Posted by hadley hadley on Friday, December 6, 2013, In : Life Insurance FAQ's 
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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