The following is my
answer to a Quora question: “Can you take out a life insurance
policy on your brother-in-law if you find out he only has 6 months to live?”
No. Firstly,
there is no insurable interest because he is your brother-in-law.
Secondly, assuming there was insurable interest, if he
has only six-months to live, I assume he has a terminal condition. That terminal condition is a pre-existing
condition that will not be covered. You
cannot hide it because he will fail the KYC, the medical questionnaire, and
they will definitely be able to pull the records.
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