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Life Insurance Policy On Your Parents Background

Life Insurance Policy On Your Parents
Background
. Instead of you taking out a policy on your parents, encourage them to manage the process and name you as a beneficiary. Having life insurance on your parents will help offset the costs of their passing and any expenses they will leave behind.

Proud parents of a life insurance policy? | Life insurance ...
Proud parents of a life insurance policy? | Life insurance ... from i.pinimg.com
Life insurance pays money to a beneficiary — a spouse, for example — when the insured person dies. However, your parent's specific illness matters. Besides buying a life insurance policy for your loved ones and managing it yourself, setting up a life insurance trust is another option.

You can't take out an insurance policy on your parents without their knowledge and consent.

Best life insurance policy for children. This might happen if your parents took out a life insurance policy on you when. Remember that you cannot buy life insurance on your parents without their consent. Do they have to know?