Protecting your loved ones financially is the primary purpose of life insurance. But have you ever wondered if you could extend this safeguard to cover someone else, like a family member or a dear friend? In this blog, we delve into the question, “Can I purchase life insurance for someone else?” We explore the process, key considerations, and the importance of having an insurable interest. Join us as we learn how to provide financial security and peace of mind to those we care about most.
Can I purchase life insurance for someone else?
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