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
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.