by Chris Bantly » Tue Jul 14, 2009 04:54 pm
Now that I've made my title an alliteration, I can ask my question! Not that I want to make a niche of it, but I was asked a question by one of the agents yesterday and I had honestly never considered the following:
Are there any insurance companies that will allow a life insurance policy to be purchased on an incarcerated individual?
The scenario is two parents are attempting to get life insurance on their son (mid 30's) who also has a son that would need to be supported if something happened to him. I don't know what he did, nor do I know how long he will be in jail. I didn't see it as a problem, but apparently it is!
My thought is that they are in a relatively safe place, but I guess the insurance companies do not see it this way. Can anyone shed some light?
Are there any insurance companies that will allow a life insurance policy to be purchased on an incarcerated individual?
The scenario is two parents are attempting to get life insurance on their son (mid 30's) who also has a son that would need to be supported if something happened to him. I don't know what he did, nor do I know how long he will be in jail. I didn't see it as a problem, but apparently it is!
My thought is that they are in a relatively safe place, but I guess the insurance companies do not see it this way. Can anyone shed some light?
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