If have a terminal illness, am I legally able to let people insure my life for a monetary sum?
Question Details:
If you are terminally ill, you can allow a third party to place life insurance upon your life. You would have to have a physical examination and sign paper work allowing a third person to insure your life placed with a carrier.
From a practical point of view, the chances of getting life insurance on your life when you are diagnosed as terminally ill by a treating physician for a reasonable premium is remote.
