Can this be done without the actual mother or father being on it or the primary parent even knowing about it? And, if not what could happen to that person?
It was done without a SS#. And it is stated that the person is the actual parent and not a step-parent.Is it legal for a step-parent to take a life insurance policy on a step-child?
No, that is not legal--the step parent stating that he is the actual biological father is fraud. You have to have an insurable interest in someone else's life in order to obtain a policy. If the step dad doesn't support the child, or live with the child, the insurance company may find there is no insurable interest.
If I were you, I'd write to the company and advise of the circumstances. The company will probably cancel the policy and refund the premium paid. You may also want to take this to the police and see what they say. You are not stating the horrible suspicion you may harbor--that perhaps this step parent is thinking of collecting on this policy by murdering the insured child?Is it legal for a step-parent to take a life insurance policy on a step-child?
As far as I know, anybody can take out an insurance policy on anyone that they wish. As long as they're paying the premiums, the insurance company doesn't care whether they're a relative of any sort.
This was kind of a weird thing for the stepfather to do, but there's nothing illegal about it.
Yes. It's not a matter of being legal or illegal at all. It's up to the insurance company whether they feel as though person 'A' can take out a policy on person 'B.'
me personally, this question sounds fishy. I could understand a question about making a step child a beneficiary of life insurance but taking a policy out on the child just seems wrong.
The law is you must insurable interest. I would like to believe that a step-parent does have insurable interest in their step-child, so I would say it is definitely legal
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