i invested over 10 k into his house can i get a life insurance with out him signing paper work
Total Comments: 6
Posted: Mon Jul 11, 2011 06:25 am Post Subject:
Life insurance probably needs some information regarding his health. He'd probably need to go through a medical exam. That's one good reason why it's not possible for you to have it without telling him.
Posted: Mon Jul 11, 2011 10:00 am Post Subject:
Hi
I completely agree with Steven.
There is underwriting that has to be done including a physical exam. Your boyfriend will need to sign to have this completed as well as giving permission for medical records to underwrite the life insurance policy.
This may or may not be required . . . it's a determination made by each insurance company.
The better answer to your question is simply this: state insurance laws prohibit obtaining insurance on a person without their consent. You also have to show an insurable interest. Your $10,000 "investment" in his house may be the limit of your insurable interest, but only if you had an expectation of deriving a benefit from it.
If you have no "paperwork" to document the purpose of giving him $10,000, then some insurance companies might consider that a gift, which would not convey an insurable interest that husband and wife would enjoy simply as the result of their marriage.
Posted: Tue Aug 23, 2011 06:35 am Post Subject: sxsNbaAEdXb
Shoot, so that's that one spuposes.
Posted: Sat Oct 22, 2011 04:03 am Post Subject:
I agree with the above poster, you cannot take life insurance without signing from your boyfriend.
Posted: Sun Nov 27, 2011 09:39 pm Post Subject:
You would probably be better served to get a lien placed against the property.
Posted: Mon Jul 11, 2011 06:25 am Post Subject:
Life insurance probably needs some information regarding his health. He'd probably need to go through a medical exam. That's one good reason why it's not possible for you to have it without telling him.
Posted: Mon Jul 11, 2011 10:00 am Post Subject:
Hi
I completely agree with Steven.
There is underwriting that has to be done including a physical exam. Your boyfriend will need to sign to have this completed as well as giving permission for medical records to underwrite the life insurance policy.
______________
Loss Adjusters
Posted: Tue Jul 12, 2011 03:58 pm Post Subject:
He'd probably need to go through a medical exam.
This may or may not be required . . . it's a determination made by each insurance company.
The better answer to your question is simply this: state insurance laws prohibit obtaining insurance on a person without their consent. You also have to show an insurable interest. Your $10,000 "investment" in his house may be the limit of your insurable interest, but only if you had an expectation of deriving a benefit from it.
If you have no "paperwork" to document the purpose of giving him $10,000, then some insurance companies might consider that a gift, which would not convey an insurable interest that husband and wife would enjoy simply as the result of their marriage.
Posted: Tue Aug 23, 2011 06:35 am Post Subject: sxsNbaAEdXb
Shoot, so that's that one spuposes.
Posted: Sat Oct 22, 2011 04:03 am Post Subject:
I agree with the above poster, you cannot take life insurance without signing from your boyfriend.
Posted: Sun Nov 27, 2011 09:39 pm Post Subject:
You would probably be better served to get a lien placed against the property.
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