1. 12689 POINTS
    Ted Ratliff
    Owner, SFS Associates,
    As long as you have the consent of the individual and there is insurable interest you can purchase insurance on another party.  A family member such as brother sister, spouse child, parent or grandparent.  A business partner.  An insurable interest means that you may have the potential for financial loss should that person die.
    Answered on May 7, 2013
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