Can someone take out life insurance on me against my will?

Question

someone I know has a life insurance policy on me and I do not wish them to have it anymore, can I do anything about it?

Answer 1

well first of all who has the policy is it like an exwife or something? and yes you can. you just have to go to the insurance company and if it is an ex wife take your divorce papers and if not an ex wife just go to the insurance company anyway and tell them you would like this policy cancelled. they have to do it because no one can hold a policy on you without your concent. i know i worked in the insurance business for 5 years.

Answer 2

Generally speaking 'no' they can't take one out in the first place without your consent.  But, once they have it you're stuck.

Also, there are some electronic (meaning no signature required) policies that could be purchased if they just have some basic information about you.

Answer 3

Suzanne G is dead wrong.

Nobody can take out a life insurance policy on an adult without his/her signature on the application. Also, to take a policy on another person, there has to be an insurable interest.

The only way Suzanne G could do this is to have the proposed insured adult answer the health questions, make him/her the owner of the policy, and have him/her name a beneficiary; someone with an insurable interest, then the proposed insured would sign the application. Then Suzanne G could pay the premium.

Also, if a local agent is involved in the sale, he/she has to witness the application.

In this scenario, Suzanne G would not benefit from the policy, except to know that she would be helping someone buy life insurance, or doing it as a gift to the insured.

Suzanne G could possibly be named as a contingent beneficiary, with the insured/owner's consent, but not as a total stranger.

Suzanne G needs to study insurance laws in her state, so she won't be making rediculous remarks such as she has.

If you were a minor when the policy was written, and a parent, grandparent, or guardian bought the policy, there is nothing you can do, unless the policy states that you become the owner when you reach 18, or 21.

In my state, a minor age 14-1/2 or older has to sign the application for life insurance.

I still don't understand why people like Suzanne G will give information like this; that she can take out a policy on anybody she wants. She would have to forge the "insured's" signature. That's totally illegal, because it is fraud.

Even if it was an electonic application on the internet, the health information has to be completed. How can you do that without knowing the proposed insured? It's still a fraudulent act.

Answer 4

The only way is if it is your parent and you are a minor.  Other than that, they would have to have your consent and insurable interest.  You must be in business together or have something else in common.  Hope that helps.

Answer 5

You're asking two questions.  

The answer to your situation, once you give permission (or have a policy taken out on you), you cannot take it back.

The other question about taking life insurance out against your will (or without your knowledge) is different.  There are rare circumstances where this can be done.  The owner of the insurance would need to prove there is a contractual relationship or legal judgment requiring you to be insured (ie. divorce with kids).  The owner would not be able to insure you for the full amount they stand to loose, making you more valuable alive than dead.

My fellow answerers love to give thumbs down to me describing a product that actually exists, so check out the link for more information.  http://www.piu.org/confidential_life_ins...

Answer 6

It depends on who the policyowner is. If you are considered a key-employee & your employer is the policyowner they are always going to be the beneficiary because you are insured as a protection that if anything were to happen to you the company would not fail due to their loss if you were to pass away.  However if you are insured as a dependent for example, by a parent/legal guardian, family member (incl. spouse) has you on their insurance policy to offer you coverage then they can make claims based off of reasonable factors. For instance if you are medically injured and hospitalized they can file a claim to get your medical expenses covered.  On the other hand if you are asking if one of your beneficiaries(other than employer if listed as beneficiary) can try to take out money on your policy they CAN NOT without your consent.  Im not quite sure exactly what your situation is but if you need further assistance I'm an insurance agent so feel free to email me at [e-mail] so I can answer your question more specifically.

Answer 7

If it's someone from your past, that's one thing, but not just anyone can take out an insurance policy on anyone. There must be an insurable interest to do so, IE,spouse, child, parent. If it's an inferior company then who knows.

Answer 8

I don't think you can do anything about it!...Someone can have a life insurance on anyone just need a SS #!

Answer 9

nope...I can take out life insurance on you and you can't do anything about it

Answer 10

Only if someone is pointing a gun at your head and telling you to sign the life app. Other than that, no one can get life insurance on you without your consent.

Answer 11

Well, when they took it out, either your guardian/parent signed for it if you were a minor, or you signed for it.  They couldn't take it out without your "legal" permission, at that time.

Once you give permission, it can't be revoked.  So if it's an ex wife or ex girlfriend, or whatever, and now you've changed your mind, too bad.  You can't do anything.

Someone can't take it out without your permission.  That only happens in the movies.