Who Can Be Covered By Life Insurance?

Usually, a life insurance company will provide life insurance for a living person.

The person applying for the life insurance policy must have an “insurable interest” at the time the life insurance policy is issued.  That means you cannot buy life insurance as a way to gamble.  You either rely on the person for financial support, or you would lose out financially if the person were to die.

For the insurance company to offer a life insurance policy there are underwriting criteria which must be met involving the insured’s health, family heath history, occupation, hobbies, lifestyle, and additional personal risk factors.

Learn who you can insure for life insurance.