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have u taken the time to check this out? u should....employers, friends ,u name it can take out a policy on ur life and cash in wen u check out..... 
who do u want to benefit when u die?????
who do u want to benefit when u die?????
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Re: do u know who has an insurance policy on ur life?
so if mi know smaddy weh half dead mi can just randomly tek out policy inna dem name widdout dem knowledge
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Re: do u know who has an insurance policy on ur life?
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: evanovitch</div><div class="ubbcode-body">have u taken the time to check this out? u should....employers, friends ,u name it can take out a policy on ur life and cash in wen u check out.....
who do u want to benefit when u die????? </div></div>I don't think you can do that in Canada....mi did look in to it when mi bredda did tek sick
an I was told it was not legal
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Re: do u know who has an insurance policy on ur life?
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Shebada</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: evanovitch</div><div class="ubbcode-body">have u taken the time to check this out? u should....employers, friends ,u name it can take out a policy on ur life and cash in wen u check out.....
who do u want to benefit when u die????? </div></div>I don't think you can do that in Canada....mi did look in to it when mi bredda did tek sick an I was told it was not legal </div></div>
Tanya yuh wrong fi dat
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Re: do u know who has an insurance policy on ur life?
Many Times they get your signature by trick. In Jamaica when you take out most loans they have you sign insurance policy on your life over to them.In many cases it goes on long after your loan is settled. That is illegal, but very few people check it. They even have cases where loans are paid and lien of the security is not lifted foe years.people <div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Shebada</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: evanovich</div><div class="ubbcode-body">have u taken the time to check this out? u should....employers, friends ,u name it can take out a policy on ur life and cash in wen u check out.....
who do u want to benefit when u die????? </div></div>I don't think you can do that in Canada....mi did look in to it when mi bredda did tek sick an I was told it was not legal </div></div>
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Re: do u know who has an insurance policy on ur life?
dis was on csi miami tonight. di employer insure di employees widdout dem knowledge den when it come to end of fiscal year, him knock dem off, cash in and walla, books balance.
mi nuh know ef dat is within the realm of possibility thoughComment
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Re: do u know who has an insurance policy on ur life?
csi miami
was wondering if it was a real case cause they usually take the story lines(or some of it anyway) from real cases
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Re: do u know who has an insurance policy on ur life?
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: FrenchTickla</div><div class="ubbcode-body">
mi nuh know ef dat is within the realm of possibility though </div></div>
Yes, dem call dem Black Widow, or Gold Duggah.Comment
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Re: do u know who has an insurance policy on ur life?
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Can I Buy Life Insurance for Someone Else?
Wednesday, April 30, 2008
Can I buy life insurance for someone else? Or here is the one that really scares people. Can someone else buy life insurance on me and then collect the money if I die? I hear people asking these questions all the time and wanted to address both issues.
<span style="font-size: 17pt"><span style="font-weight: bold">Can I buy life insurance for someone else?
The simple answer is, "yes". You are allowed to pay the premiums and collect the benefits on a life insurance policy that insures a life that is not your own. For example, many people have life insurance on their children. Another example is that companies sometimes buy life insurance on their key employees so that they can recover from the negative financial effect that losing that employee might cause.</span></span>
There are two things that you need to consider. One, you are going to need to have the consent and participation of the person whose life is being insured. Two, you are going to need to provide a reason to the insurance company that you will be affected financially if the insured dies. The only exception to this is life insurance on children. Usually the parent of a minor can purchase life insurance on the child without any additional reasons. If you have nothing to lose from the death of the person, then you don't really have an "insurable interest" and really only will gain from the death of the insured. Just being a relative does not necessarily create an insurable interest. You will have to prove that you are somehow financially affected by the death of that particular relative.
Can someone else buy life insurance on me and then collect the money if I die?
As you can tell from my comments in the previous paragraph it is going to be very difficult for someone to buy life insurance on you without you knowing about it. First of all they are going to need your consent and participation. Most life insurance policies require medical tests on the insured and I think you'll notice the person coming over to your house to take your blood and to strap the EKG on your chest.
If a person purchases some kind of simplified issue or guaranteed issue policy without you knowing about it, then they are committing insurance fraud, which is a felony and would cause the policy to be voided.
Also if the person can't prove insurable interest the insurance company is not going to let them buy the policy. The company will let anybody willing to give them the money pay the premiums, but the company is going to need to know that the person who is named the beneficiary of the policy has the insurable interest. Now if you originally purchase a policy you can usually transfer the ownership of the policy or change the beneficiary to whoever you want, but you will have to prove that the initial beneficiary has insurable interest.
Posted by Michael Musselman at 10:03 AM
Labels: Life Insurance FAQ
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Re: do u know who has an insurance policy on ur life?
Click her and explain it for me?? i don't seem to understand it.Comment
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Re: do u know who has an insurance policy on ur life?
anybody can dweet.
is fi convince the smaddy yuh dweeet pan fi sign the form giving YOU the right to collect
dats why nuff bandoolu people forge the signature dem
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Re: do u know who has an insurance policy on ur life?
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Dr.Dudd</div><div class="ubbcode-body"> Click her and explain it for me?? i don't seem to understand it. </div></div>did you read the article I posted? Obviously not...the answer to your question is there
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Re: do u know who has an insurance policy on ur life?
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: evanovitch</div><div class="ubbcode-body">have u taken the time to check this out? u should....employers, friends ,u name it can take out a policy on ur life and cash in wen u check out.....
who do u want to benefit when u die????? </div></div>
When I taught at the high school in the HEART of the ghetto (the self same one my own mother and family graduated from), I knew a fellow teacher at the middle school who had a knack for identifying that student who was on the way to self destruction. He would approach the mother with an offer to do a policy on the child, and when the inevitable happened , he would pay for the funeral services, give the mother alittle something, and keep the rest..... he retired.EARLYComment
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Re: do u know who has an insurance policy on ur life?
as lang as dem peeps doan trii fii kill mii, mii doan care iff dem profitt bye buyinn insuranceComment
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