If you have an insurable interest in your grandmother, you may be able to get a life insurance policy on her. An insurable interest means that you are dependent on her financially. In other words, if she were to die, it would cause the beneficiary of the policy financial hardship. If you are living with your grandmother, and she is working to pay the mortgage, you may get mortgage insurance to pay off the home, in the event she dies. If you would be destitute if she died, you can likely get a life insurance policy on her. The main...

They say that grandparenting is the reward for parenting. If you’re a grandparent yourself, you’re likely soaking it all in. You can’t even imagine your life without these new little people, and part of that picture is keeping them safe and protected. The protection grandparents want to provide their grandkids is natural – but should […]...

The arrival of a new grandchild is a happy occasion for the grandparents, who might want to purchase a special gift to commemorate the occasion. Given the life-changing nature of this event, many people want to do something substantial for their newest descendant, and they wonder if they can purchase a life insurance ......

If secretly taking out a life insurance policy on someone else shortly before that person meets with an untimely end seems like something that only happens in the movies, you’d be right. Insurers won’t let you buy a policy for another adult without that person’s knowledge. That doesn’t mean purch...

Answer (1 of 6): You don't say where you are. Your local law (state law in the USA) will control. But generally, a living spouse will have control. In some places, such as my home in Texas, it is possible for a person to have higher control over their own disposition than does a spouse, and he c......

Life insurance can be incredibly important for seniors that want to provide financial coverage for their families. Learn about what your options are and which companies have the best quotes for seniors over 60, 70 and 80....

Yes, an adult grandchild may take out a life insurance policy on a grandparent. In order to buy life insurance on someone else you need an “Insurable Interest” in that person, meaning y…...