Quora Answer: Can Parents Take Out Life Insurance on Their Children without Their Knowledge?

The following is my answer to a Quora question: “Can parents take out life insurance policies on their children without them knowing?” 

If the child is below the age of majority, their consent is not required to take out a policy on them, as long as insurable interest is proven.  Parents have insurable interest on their children until they start working. 

Once the child is considered legally an adult, which may vary from 18 years to 21 years of age, depending on where you are, their consent is required for such a policy, and they will, as the life insured, know about the policy.