Can You Take Out Life Insurance On Anyone? 
No , you can not take life insurance on just anyone you please . There would be a windfall for murders and hitmen from their victims . Typically you would insure yourself against a loss for your loved ones and special interests.There is a gateway that must be met called insurable interest in order to take out life insurance on someone . Insurable interest states that you , the beneficiary , would suffer a financial loss or set back if said person were to die . Insurable interests can include a spouse , child , loved one dependent upon your income . a financial institution leading you money or a business partner or business interest . You can never take out a life insurance policy without the insured 's knowledge . The insured has to sign and go through the underwriting process , not you . 