insure logo

Why you should trust Insure.com

quality icon

Quality Verified

At Insure.com, we are committed to providing honest and reliable information so that you can make the best financial decisions for you and your family. All of our content is written and reviewed by industry professionals and insurance experts. We maintain strict editorial independence from insurance companies to maintain editorial integrity, so our recommendations are unbiased and are based on a comprehensive list of criteria.

If you’re worried about someone taking out a life insurance policy on you without your consent, you can rest assured that it’s highly unlikely.

While many policies require a medical exam for the insured, even no-medical exam policies are difficult to forge. This is because the insured is required to sign a consent form for the release of medical records and they also need to sign the final policy paperwork. If someone forges your signature, it is considered fraud and they could face federal penalties.

Who can take out a life insurance policy on you?

For someone to take out a life insurance policy on your behalf, they must have an insurable interest. For example, a spouse who relies on your income to survive has insurable interest on you. In other words, your neighbor can’t take out a policy on you.

But, they still can’t take out a life insurance policy on you without your consent. You will need to approve of the policy and sign the final paperwork.

The only instance when someone can buy a life insurance policy on you without your knowledge is if you are a minor. For example, parents can buy a life insurance policy on their 15-year-old child without their signature.

How to tell if someone took out a life insurance policy on you

If you are concerned that someone took out a life insurance policy without your consent, you can search to see if there are any active life insurance policies in your name by using NAIC’s life insurance policy locator.

×
Please enter valid zip
Compare Quotes
life-insurance

QuickTake

See more >