How To Buy Life Insurance — For Someone Else

To ensure the surviving partner can buy out the deceased partner's shares and keep the company running. 📋 Step-by-Step Buying Process Can You Take Out a Life Insurance Policy on Anyone? - Aflac

You cannot secretly buy a policy on another person; they must participate in the process. Here is exactly how to do it. 📌 The Two Non-Negotiable Rules how to buy life insurance for someone else

The person being insured must know about the policy and provide written consent. Trying to buy a policy without their knowledge is considered insurance fraud . 👥 Who You Can Insure To ensure the surviving partner can buy out