Is assurance the same thing as insurance, in your mind? You must be 18 in order to purchase a life insurance policy. If you are taking out insurance on behalf of say your grandparents you must either be their guardian, or have them sign off on the application, to insure their lives. Most of the time, the insurance company will ask you what your “insurable interest” is. Be prepared to pay a WHOPPING BIG premium for such coverage!! And your grandparents will have to submit to a medical exam, and make their medical records available to the insurance company.
legal age for insurance policies
January 31st, 2009 | Business
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