My exhusband never paid child support. Now our daughter is struggling in life and I'd like to insure him to help her out financially when he passes.
Total Comments: 3
Posted: Wed Oct 13, 2010 10:25 am Post Subject:
I'm not aware if an underwriter would accept a coverage application based on forged documents. What I'm aware is that the carriers would like to be sure of the risks associated with an insured. That's probably the reason why they'd like the insured to go through a medical exam. I don't see a way to do that without the insured's consent.
Posted: Wed Oct 13, 2010 09:16 pm Post Subject:
I don't see a way to do that without the insured's consent.
Although there is at least one company that claims it will assist persons to do so without the knowledge of the insured, California's Insurance Code, and those of most other states, requires informed consent (especially when a spouse is involved) of the insured, and the insured's signature on the application for insurance.
Will your ex-husband not cooperate in the application process for life insurance? If he's not paying the premium, why would he object?
As roddick indicated, forgery is a crime.
Posted: Thu Oct 14, 2010 05:06 am Post Subject:
I have to agree with Max and Tcope as well. While you do have an insurable interest in the life of your husband backed by a divorce decree showing the support requirement (not being paid), you won't be able to get a contract issued without his consent and obvious knowledge.
As stated, and I agree, states have laws and rules that prevent this. In states where I work, generally your legally married spouse, minor dependent children and (sometimes) your parents for burial purposes are the only persons you can buy insurance on without their consent. Even that's kind of shady, except for the kids, in many instances.
Think of it like this. What you want, in essence, is the ability to buy life insurance on a person to whom you have no legal relationship other than your child. That is, unfortunately, a legal technicality and places you in an bad position. It's legally the same as you buying a policy on someone who is a complete stranger. Like the guy down the street who has a risky lifestyle, so you buy a life insurance policy on him in the hopes that he dies in a horrible accident and you get a million dollars tax-free.
Now, that may be somewhat of an exaggeration, but the premise holds.
So, just ask him to consent. If you pay for the policy, why should he care if it's for his kid?
Posted: Wed Oct 13, 2010 10:25 am Post Subject:
I'm not aware if an underwriter would accept a coverage application based on forged documents. What I'm aware is that the carriers would like to be sure of the risks associated with an insured. That's probably the reason why they'd like the insured to go through a medical exam. I don't see a way to do that without the insured's consent.
Posted: Wed Oct 13, 2010 09:16 pm Post Subject:
I don't see a way to do that without the insured's consent.
Although there is at least one company that claims it will assist persons to do so without the knowledge of the insured, California's Insurance Code, and those of most other states, requires informed consent (especially when a spouse is involved) of the insured, and the insured's signature on the application for insurance.
Will your ex-husband not cooperate in the application process for life insurance? If he's not paying the premium, why would he object?
As roddick indicated, forgery is a crime.
Posted: Thu Oct 14, 2010 05:06 am Post Subject:
I have to agree with Max and Tcope as well. While you do have an insurable interest in the life of your husband backed by a divorce decree showing the support requirement (not being paid), you won't be able to get a contract issued without his consent and obvious knowledge.
As stated, and I agree, states have laws and rules that prevent this. In states where I work, generally your legally married spouse, minor dependent children and (sometimes) your parents for burial purposes are the only persons you can buy insurance on without their consent. Even that's kind of shady, except for the kids, in many instances.
Think of it like this. What you want, in essence, is the ability to buy life insurance on a person to whom you have no legal relationship other than your child. That is, unfortunately, a legal technicality and places you in an bad position. It's legally the same as you buying a policy on someone who is a complete stranger. Like the guy down the street who has a risky lifestyle, so you buy a life insurance policy on him in the hopes that he dies in a horrible accident and you get a million dollars tax-free.
Now, that may be somewhat of an exaggeration, but the premise holds.
So, just ask him to consent. If you pay for the policy, why should he care if it's for his kid?
InsTeacher 8)
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