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| *Ostroff, Fair and Company>>>Insurance |
Can I put life insurance on a senior aunt that lost mobility in her hands without her signature? |
We will need this insurance to pay for her funeral in maybe the next 5-10 yrs. Yes, assuming she's insurable pursuant to the insurer's underwriting guidelines. However, in order to sign for her, you must have a court-appointed Power of Attorney. Source(s): Former life insurance underwriter i suspect this is highly illegal. you do not want to get caught up in insurance fraud. if the aunt wishes to sign the doc, and is in sound mind and body, then go to a notary to get it signed. it's better to be safe than sorry. insurance companies are out to make money. if they sniff out any potential fraud, you could be paying on a policy you could never benefit from. good luck! You can take out life insurance policies on anybody you want, without their knowledge. If you take one out on George W. Bush, you will have to worry about the secret police finding out and watching you. yes, as long that you are the beneficiaries for the whole insurance policies. Meanwhile, if really need a signature from your aunt but she has lost the mobility, you may required the insurance agent to personally withness, declaration of interest under commission for oath or else thumb print together with myKAD First thing first, is there anything wrong with her mind? If not let her help you decide about health insurance. If she would like she can appoint you or whomever she wants to be her hands for her. Yes, as long as she is not over 75. Go to AIG Assurance or a similar insurer like Penn Life and purchase senior insurance with no medical or other health questions. |
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