Do people must have my permision to buy life insurance on my head?

pxn11 · #1 (**permalink**) 10-24-2007, 05:23 AM

If they can, is there a place I can find out anyone bought on me?

Judy · #2 (**permalink**) 10-24-2007, 05:24 AM

People must have your consent to buy life insurance on you.

Empress Jan · #3 (**permalink**) 10-24-2007, 05:27 AM

to avoid fraud. For example, if someone took out a life ins policy on you and started to eliminate you to profit from it, well, you catch my drift! Don't sign anything!

SNCK · #4 (**permalink**) 10-24-2007, 05:33 AM

Its pretty common for companies to have insurance on key personal to cover lost productivity and cost of recuiting a replacement.

PS. Try replacing "must" with "need to"

mbrcatz17 · #5 (**permalink**) 10-24-2007, 05:53 AM

Yes, they must have your permission, in writing. And you would probably notice if someone from the insurance company came by for blood and urine samples from you, and when they wrote you a letter asking for you to release medical records to them.

But, you can also look up if anyone APPLIED for life insurance coverage for you, for a $75 fee, here: http://www.mib.com/html/lost-life-insurance.html If it's been applied for, they'll give you the list of companies, which you then have to call to see if a POLICY was actually taken out.