My mom and I don't get along, and now she is asking for my children's social security numbers so she can buy life insurance on them.Is she able to take out a life insurance policy on my kids without my signature or something saying I have agreed to it?In order to buy life insurance on another person there must exist an insurable interest.An insurable interest does exist between spouses, parents
Showing posts with label children. Show all posts
Showing posts with label children. Show all posts
Why Buy Life Insurance for Children?
Why should parents buy life insurance policies on their children.There are a few basic reasons parents might want to purchase child life insurance plans for their kids.Among the more common reasons are the following:1. To pay for any final expenses such as the burial, casket, and memorial service if their child passes away.2. To grow cash value inside the life insurance policy which may be used
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