Can I write a life policy on myself

by Guest » Mon Aug 16, 2010 09:16 pm
Guest

I am an agent in California. Can I write a life insurance policy on myself?

Total Comments: 4

Posted: Thu Aug 19, 2010 01:01 pm Post Subject:

You sure can as long as you are properly licensed in the State in which you write the policy. I did the same for myself.

Posted: Sat Aug 21, 2010 01:41 am Post Subject:

The only thing that would prevent you from writing your own coverage is a company's policy against "controlled business" (applications for oneself, and members of one's immediate family). Some states have laws that address this, California does not.

So if you have a Life-Only license, feel free to write away, unless you are a captive agent your insurance company prohibits it.

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