My dad is 50 years old and my stepmother is 37, and he wants to purchase
life insurance for her. He will pay for the life insurance policy and he is the beneficiary.
Also my stepmother is a housewife.
He was told that he cannot purchase life insurance for her,
until he has the same amount of life insurance on himself.
Does this make sense?
No, this does not make sense. The amount of life insurance purchased on one person should not affect the amount of life insurance on ano...
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