Can your adult children take out a life insurance policy on you without you knowing?

  • by Dr. Sick Doctor MD
  • Jun 02,2018
  • 13 answers

Can your adult children take out a life insurance policy on you without you knowing?


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Insurance Answers (13)

Casey Y 2 months ago

Nope...you have to sign off and likely also need to submit to medical testing...

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DON W 2 months ago

Even if legal, most life insurance companies require that the insured undergo health tests, or at least submit health records, to make sure the insurance company isn't insuring someone about to die. The insured also completes the form authorizing the person's doctors to release medical records.
How the children could do all that without the knowledge of the parent isn't clear to me.

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STEVEN F 2 months ago

A J gave the best answer so far. It isn't legally required that the insured be informed or sign anything. The proper term is 'insurable interest', not 'vested interest', but the meaning is essentially what A J described.

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StephenWeinstein 2 months ago

No

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Insurance Pickle.com 2 months ago

There are situations where someone can. But, no they can't take out a million dollar policy on someone without it being financially logical (I.e. they owe you $1,000,000 or support you and have the income to warrant it). Also, if they kill you, they go to jail. They don't collect the proceeds.

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Judy 2 months ago

no

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lucy 2 months ago

https://www.trustedchoice.com/life-insur...
NO, not without their knowledge.
1-You need to show an “insurable” interest meaning that you would incur a financial loss once your parent is gone.
2-You would need the parent sign the application for the insurance, and it is possible depending on the type/amount of the insurance that the parent might have to take an exam/tests to be qualified for the insurance or (not).

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regerugged 2 months ago

Yes. They only have to pay the premiums and name a beneficiary.

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Andy L. 2 months ago

There is generally a legal requirement to have a "vested interest" in the person insured, and adult children can hve vested interest. The insurance company is not legally required to inform the person insured. The adult children can make all payments and name beneficiary.
There could be an investigation at death as an insurance policy is considered a legal motive (money).

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Flower 2 months ago

No, it requires your consent and signature.

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Mike 2 months ago

NO, because such a policy will REQUIRE a medical exam of the insured before such policy can be issued.

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Robin 2 months ago

yes they can

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YYYZZ 2 2 months ago

Yes, they can. Can not imagine what the advantages will be.
Peace.

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