Can I Buy Life Insurance on My Parents?

Yes, an adult child may purchase life insurance on his parent or parents.

You much be an adult to purchase life insurance. And, you must have an insurable interest in someone to buy life insurance on that person.

A child has an insurable interest in his/her parents, as does a parent in his/her children.

There are life insurance plans available online that offer guaranteed acceptance life insurance for people age 45 to 85.

So, you could purchase life insurance on your parents without them having to take any health exams at all.

When buying the life insurance policy you would make yourself the beneficiary of their life insurance plans, and you would be the owner, which means you would pay the premiums on the life insurance policies.

Learn more about how to buy life insurance on your parents.