Who Can I Buy Life Insurance On?

You can buy a life insurance policy on someone with whom you have an “insurable interest”.

That means that there would be a financial loss to you if the person you want to insure were to die.

You can buy life insurance for your children, as long as it is of a reasonable amount of coverage.

And most life insurance companies will allow you to buy a small final expense policy for your parents.

In addition, you can buy life insurance on your spouse since you both have an insurable interest in one another. Learn more about who can you insure for life insurance?