Yes, adult children with an insurable interest in their parents may purchase funeral insurance policies for their parents.

Insurable interest is required in order to buy life insurance on someone else.

Insurable interest does exist between parents and their adult children.

There are guaranteed issue funeral insurance policies available for your parents if they are between the ages of 45-85.

That means there is no doctor exam required, and you won’t have to answer any questions about the health ...

Continue reading ...

Can I buy a funeral insurance policy on either or both of my parents?

Yes, adult children with an insurable interest on their parents may purchase funeral life insurance plans on their parents.

I your folks don't have much money saved, live on a tight budget, or haven't planned for their final expenses, it may be a good idea for you to plan ahead so you aren't stuck with a sizable bill without the funds to pay it when the time comes.

Today, the average cost of a funeral, burial and related expen...
Continue reading ...