If I am not insurable, can I still participate in Privatized Banking?

If I am not insurable, can I still participate in Privatized Banking?

Yes, you need to be the owner of the life insurance contract, but you do not need to be the insured. You can set up your Privatized Banking structure using a policy on someone with whom you have "an insurable interest", defined as follows: Insurable interest exists when an insured person derives a financial or other kind of benefit from the continuous existence of the insured person or object.

The most common application would be to start a Privatized Banking structure with a policy on your spouse, children or grandchildren.

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