: Both you (as the owner) and the insured person must sign the paperwork.
: To fund a "buy-sell agreement" or protect the company from the loss of a key executive ("Key Person Insurance"). can you buy life insurance on someone else
Yes, you can legally buy life insurance on someone else, but only if you meet two specific legal requirements: and consent . Key Requirements : Both you (as the owner) and the
: Useful if you would be responsible for their final expenses or medical bills. can you buy life insurance on someone else