Can a agent sell whole life ins to a person not being present?
- car253Lv 71 month ago
Yes. I do it all the time. I email you an authorization that you have to approve the application.
- Anonymous1 month ago
Certainly, that is how most Insurance companies make their money.
Internet, Telephone, Mail order.
The trick is they will not payoff, until the "member" has paid a minimum number of premiums, usually three years worth.
Should the "member" die earlier, the most the policy will pay is to rebate the paid premiums. [The company lives off the interest earned from those payments] Read the Fine Print. I did on a "Penn State" TV offer. And the "Gerber" Policy. All aimed at the over 50 crowd.