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	<title>New answer on: Who Can Take Out A Life Insurance Policy?</title>

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		<title>By: Chris Abrams</title>

		<link>https://www.insurancelibrary.com/life-insurance/who-can-take-out-a-life-insurance-policy</link>

		<dc:creator>Chris Abrams</dc:creator>

		<pubDate>Mon, 06 May 2013 16:36:22 +0000</pubDate>

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		<description><![CDATA[I agree with Bob and Larry above and to add a little more detail about the age range:   A parent can take out a life insurance policy for a child&#039;s benefit, usually when the child is 2 weeks old.  The parent does this to provide guaranteed insurability for the child and/or to provide a vehicle to accumulate money for the child.  When the child is 18 or  older, the parent can change ownership to the child.  The maximum age that I have seen to take out a policy is 90 years old.]]></description>

		

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		<title>By: Larry Gilmore</title>

		<link>https://www.insurancelibrary.com/life-insurance/who-can-take-out-a-life-insurance-policy</link>

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

		<pubDate>Mon, 06 May 2013 14:52:38 +0000</pubDate>

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		<description><![CDATA[Who can take out a life insurance policy? Well the first requirement is being 18 or older as a life insurance policy is a contract and currently that is first requirement for a contract to be enforceable. After that issue is met, just about anybody can take a policy out on themselves or others provided they can show an insurable interest with the other person.]]></description>

		

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		<title>By: Bob Vineyard</title>

		<link>https://www.insurancelibrary.com/life-insurance/who-can-take-out-a-life-insurance-policy</link>

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

		<pubDate>Mon, 06 May 2013 11:46:41 +0000</pubDate>

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		<description><![CDATA[Almost anyone can buy a life insurance can buy a life insurance policy as long as they qualify medically under the underwriting rules of the issuing carrier.

Some policies incorporate full medical underwriting while others follow a limited or short form underwriting process.

Most policies require you to be a US citizen but there are carriers and products if you are a legal resident.]]></description>

		

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