My son in law is 28 yoa, newly married my daughter and have a 2 yoa child , he will be working in Kuait as a contractor can I get term life policy

Question Details: Is it possible to get a term life insurrance policy on him to protect daughter and child, we live in Arizona

Asked 10/11/2009 under Insurance Law | 249 View(s) | More Legal Topics

Are you an attorney? Sign up to answer this question.

Insurance Law Law Answers

In order to own and pay for life insurance you must have what is known as an "insurable interest." Insurable Interest has been defined as the requisite connection between the owner/payor and the person whose life is insured.  This requirement usually demonstrates that the purchaser will actually suffer some kind of loss if the insured dies; for example, as in the case of a financially dependent spouse or former spouse and children in the life of a former spouse.  So your daughter could take out such a policy but you could not.

Related Insurance Law Questions

Didn't find your answer? Ask.

  Top Ranking Attorneys

Sign Up Today! Are you a lawyer?
Want to be featured here?
Sign up for a free profile and get started today! Click Here

More Questions Like This...

AttorneyPages.com