Can I Get Life Insurance For My Mom?

Yes, you may purchase a life insurance policy on your mother.

In order to get life insurance on your mom you may need her permission, signature on the application for life insurance, and she may need to answer some health questions.

The life insurance company requires “Insurable Interest” in the person you want to insure for life insurance. Children have an insurable interest in their parents since they may rely on the parents for financial support, or may suffer financial loss upon the passing on a parent.

As long as the child is an adult, he or she may be able to purchase life insurance on a parent. Many adult children buy life insurance on their parents to provide funds to help pay for final expenses; such as, the cost of a funeral and burial expenses.

Here’s how to buy life insurance for your mom.