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Anyone who has an insurable interest in you may purchase a life insurance policy on you. However, the insurer may require that you give permission and sign the application for coverage. Some people who have an insurable interest in you may include your parents, spouse or partner, your adult children, business partners, or anyone who relies on you for some form of financial support.

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6y ago
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Wiki User

8y ago

The authorized agents of the insurance companies can only make life insurance policy on you.Now a days, corporate agents like banks approach their customers for policies through them.

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