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Can illegal immigrants purchase life insurance in the united states? |
Can illegal immigrants purchase life insurance in the united states? The USA and the UK have major life insurance industries that sell insurance to anybody who is insurable, anywhere in the world, regardless of nationality or domicile. Nationality and domicile may be relevant for moral risk and insurability, but there is no law prohibiting anybody from being sold insurance (or annuities) on the basis of legal immigration status. Nor should there be: it would interfere with the export market. There may be a tax significance (income and estate tax) to the immigration status, nationality or domicile of a policyholder. Nothing else. For purposes of banking, insurance and security purchases, an alien may get an ITIN in lieu of a social security number, using form W-7. It would hurt US financial services industry exports to put restrictions on foreigners, including illegal aliens and foreign diplomats, from investing in the USA. Source(s): http://www.irs.gov/pub/irs-pdf/fw7sp.pdf... (PDF, IRS form W-7) I am pretty sure you can't. Illegal immigrants are not allow how could insurance be purchase. Illegal immigrants, have no prove of residence nor any kinds of income as well Sure they can...they can purchase home too...not a big deal |
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