Can I purchase life insurance on someone else?

Is it possible to buy life insurance on another person?Yes, it is possible to buy a life insurance person on another person's life.In order to buy life insurance on someone else, you must have the possibility of financial loss if that person were to die.There exists "Insurable Interest" between parents and children, spouses, siblings, and business partners.'So, you may be able to buy life

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Can I purchase life insurance on someone else?

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