Yes, you may be able to purchase a life insurance policy on the life of a relative.
You
can usually get life insurance on a relative, but even with relatives, some
insurable interest must exist between you and your relative in order for you to buy life insurance on the relative.
For example, Nephew Steve cannot take out a life insurance policy on Aunt Amy unless Amy has been living with Steve, if Steve has been
contributing to her financially, if Amy loaned Steve some money, or...
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