Can I transfer my insurance policy to another person?
No, it is not possible to transfer an insurance policy to another person. Insurance policies are specific to the individual or entity that purchased the policy. The terms and conditions of the policy are agreed upon between the insured and the insurance company. These terms cannot be transferred to another person as they are based on the specific risk profile and circumstances of the original policyholder. If you wish to have insurance coverage, the other person would need to purchase their own insurance policy separately. It is important to review and understand the terms and conditions of any insurance policy to ensure it meets your specific needs and requirements.
Answered Nov 2, 2023
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