Can you buy a life insurance policy on someone else?

HAVEN LIFE | April 3, 2018

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We’ve all seen this story in a movie. A character dies mysteriously, and while investigating, the police discover that someone close to the deceased recently took out a life insurance policy on them. It’s an open-and-shut plot device in a crime flick, but in real life, you can’t go around buying life insurance on just anybody. In fact, usually, the only person you can insure is yourself. That’s not to say applying for life insurance isn’t a team sport. In fact, it’s probably a best practice to work together with a loved one and seek input as you search for the right coverage.

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Patriot Insurance

Patriot Insurance has been providing peace of mind for families and businesses in New England for over 50 years. Headquartered in Yarmouth, Maine, we are a regional carrier offering business, home, auto, life and surety products backed by local, autonomous claims, loss control and underwriting teams. We work exclusively with independent agents who can give our customers the personal guidance and service they deserve. Since 2007, we have partnered with Frankenmuth Insurance, a longstanding company founded in Michigan in 1868.

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