life insurance

[9171]

I live in MO. and am recently divorced. My ex-husband is responsible for paying credit card debts in my name. With the debt so high, I want to take out an insurance policy in his name, in case something happens to him, the credit card debt will be paid. He tells me that I cannot do this. He lives in CO. My insurance agent tells me that I can. Who is right?

 

[cbg]

Both are right. Technically, it is legal and possible for you to take out an insurance policy on someone else. However, the catch is that you need that person's permission.