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	<title>New answer on: Can You Take Out A Life Insurance Plan On Anyone?</title>

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		<title>By: Peggy Mace</title>

		<link>https://www.insurancelibrary.com/life-insurance/can-you-take-out-a-life-insurance-plan-on-anyone</link>

		<dc:creator>Peggy Mace</dc:creator>

		<pubDate>Mon, 10 Jun 2013 12:27:32 +0000</pubDate>

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		<description><![CDATA[You can take out a life insurance plan on anyone with whom you have an insurable interest. This means that the life of that person represents a financial benefit to you, or on the converse, that the death of that person would cause you a financial loss.&#160;

There is also a degree to which insurable interest is determined by &quot;a substantial interest engendered by love and affection if closely related by blood or by law.&quot; This might allow you take out a small life insurance policy on your grandparents, but unless you invest in the care of your grandparents, there would not be insurable interest to take out a large policy on them.]]></description>

		

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		<title>By: Bob Vineyard</title>

		<link>https://www.insurancelibrary.com/life-insurance/can-you-take-out-a-life-insurance-plan-on-anyone</link>

		<dc:creator>Bob Vineyard</dc:creator>

		<pubDate>Sun, 28 Apr 2013 22:50:48 +0000</pubDate>

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		<description><![CDATA[There are situations where it is possible to purchase life insurance on an individual without their knowledge. Confidential life insurance is a specific product that is used in business situations as well as familial concerns where a divorce decree requires ongoing payments.

Coverage is purchased by a third party with an insurable interest.]]></description>

		

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		<title>By: Larry Gilmore</title>

		<link>https://www.insurancelibrary.com/life-insurance/can-you-take-out-a-life-insurance-plan-on-anyone</link>

		<dc:creator>Larry Gilmore</dc:creator>

		<pubDate>Sun, 28 Apr 2013 22:30:12 +0000</pubDate>

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		<description><![CDATA[No, you can no longer take out an insurance policy on anyone and without their consent. Insurance companies look for an &quot;insurable interest&quot; between insured and the policy owner. An employer can&#039;t take a policy out on an employee without consent of the employee, even if an insurable interest is present.]]></description>

		

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