Sure she would have to sign some stuff and designate you as the beneficiary. But it takes no time at all, especially for younger people, the insurance companies would love to take your money. Slip her a hundred bucks for her trouble.
It’s a win win. She gets 100 bucks for signing on a dotted line, you get 100k when she dies of ADE or pulmonary embolism. The premium is gonna be super cheap, 20-30 bucks a month.
Could I do that? Take out a life ins policy on my adult sister?
Wouldn't I have to get her consent / sign some forms or something?
Sure she would have to sign some stuff and designate you as the beneficiary. But it takes no time at all, especially for younger people, the insurance companies would love to take your money. Slip her a hundred bucks for her trouble.
It’s a win win. She gets 100 bucks for signing on a dotted line, you get 100k when she dies of ADE or pulmonary embolism. The premium is gonna be super cheap, 20-30 bucks a month.
Free money