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IS IT POSSIBLE TO APPLY FOR LIFE INSURANCE ON HOLLYWOOD CELEBRITIES, SINGERS, AND ACTORS

http://showbizhound.com

IS IT POSSIBLE TO APPLY FOR LIFE INSURANCE ON HOLLYWOOD CELEBRITIES, SINGERS, AND ACTORS WHO ABOUT TO DIE: many celebrities are about to die soon and some even are virtually already dead, so it could be a great idea to apply for a life insurance on their name to earn a lot of money when they will die. But unfortunately in a life insurance policy there must have an insured and a policy holder and life insurance policies can be taken out on someone else’s life but there is a clause in life insurance policies that states that the person taking out the policy must have an insurable interest in the insured, it means that you can't take a life insurance on a celebrity's name and expect that she die soon. This life insurance specific clause is called the cestui qui vit or CQV and means that the person taking the policy out must actually suffer some kind of personal loss in the event of the death of the insured person, what is not sure would happen if you get life insurance on a celebrity ass, as this generally refers to people such as husbands, wives, parents, children or business partners. So it seems that you won't make money with celebrity names, at least not if you expect that they die fast!

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