Is there burial insurance coverage I can purchase for my parents?

Yes. There are burial insurance plans available from several different insurance carriers, including United of Omaha, Gerber, AIG, MetLife, and Colonial Penn, among others.

And, adult children may purchase burial life insurance on their parents, because they have an insurable interest in their parents, which is required in order to buy life insurance on someone else.

Most burial insurance policies offer guaranteed acceptance for a...