Can I Buy - Life Insurance On Someone Else

: You cannot secretly insure someone. The person being insured must sign the application.

: You must prove that you would suffer a legitimate financial loss if the person were to die. This prevents "wagering" on a stranger's life for profit. can i buy life insurance on someone else

Common examples include spouses, minor children, business partners, or people with whom you share a mortgage or debt. : You cannot secretly insure someone