can an insurence agent that sell a policy be a beneficiary?
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Answers:
No. He is, as your agent, your fiduciary. That means, contained by a nutshell, that he cannot indulge in self-dealing. If he does things that benefit himself (and consequently hurt you or your intended beneficiaries), the court will presume that he used trickery and manipulation to induce you into a position of disadvantage. He will next have the burden o proving to the court that no such article occurred.
Other Answers:
It sounds approaching that should be a, no.
May be state specific..but that really sounds like a conflict of interest. At the amazingly least, the company's underwriters would potential take issue beside it! Perhaps the agent should refer the policy to a co-worker to be safe.
If the agent wrote a policy for a family unit member or a business partner near could be reason to be included as a beneficiary. A buy/sell agreement near a business partner would require it. Underwriting will probably need copies of the trial docs.
Only if there is an insurable interest. Meaning if you are husband and wife or perchance you are partners contained by a business or you own real estate together or any number of things.
http://www.insurance.com/FAQs/lifeFAQDetail.aspx/index/9
Source(s):
time insurance agent.