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My dad recently bought a Life Insurance policy for me without my knowledge. I'm not sure if I need to make payments on it. Can someone please clarify?
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If your dad bought a Life Insurance policy for you without your knowledge, it's important to understand the terms and conditions of the policy. Generally, the person who owns the policy is responsible for making the premium payments. However, it's possible that your dad may have intended to gift you the policy and take care of the payments himself. To get a clear answer, you should contact the insurance company or the agent who sold the policy. They will be able to provide you with the specific details regarding payment responsibilities and any other questions you may have. It's always a good idea to review the policy documents and understand your rights and obligations as the policyholder. Keep in mind that this answer is based on general information and it's important to consult with the insurance company for accurate and personalized advice.
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