: The insured person provides health history and may take a medical exam .
: For adult insureds, the person must participate in the process. They typically must sign the application and may need to undergo a medical exam to determine eligibility. Common Eligible Relationships You can typically establish insurable interest for:
: Because you share debts, income, and household responsibilities.
: To fund a "buy-sell agreement" or protect the company from the loss of a key executive ("Key Person Insurance").
AI responses may include mistakes. For financial advice, consult a professional. Learn more Can You Take Out a Life Insurance Policy on Anyone? - Aflac