Can You Take Out A Life Insurance Policy On A Stranger? 
Being able to take life insurance out on a stranger puts people at risk for being the target of insurance fraud , such as money laundering or murder . Insurance companies have cracked down on this mightily by requiring that there is an insurable interest in order for someone to take out a policy on another , that the insured person gives their consent , and that agents report any suspicious activity in regard to fraud . 