Insurance

Life insurance is a valuable financial safety net that can provide peace of mind for you and your loved ones. While purchasing life insurance for yourself is a common decision, you may also want to consider purchasing a policy for someone else. However, buying life insurance for someone else is not as straightforward as it seems, as you need to demonstrate an insurable interest and obtain consent from the person being insured. In this article, we'll discuss the requirements for purchasing life insurance for someone else and common scenarios in which you may consider buying life insurance for another person.…