Can I buy no medical exam life insurance for my parents?

Yes, if you are an adult child, you may purchase life insurance on your parents.

However, you may need their approval and signature on the application for coverage.

There are no medical exam life insurance policies for seniors; such as, permanent life insurance, term life insurance, or guaranteed issue whole life insurance policies.

Whether or not your parents will qualify for coverage may depend on their age and health.

However, even if the...
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Can I buy a life insurance policy on my elderly parents?

Yes, adult children can purchase life insurance coverage on their parents.

Why would you want to buy life insurance on your parents?

Well, maybe your parents don't have any life insurance of their own, or perhaps, they don't have the money saved to pay for their own funeral and burial costs.

Did you know that the average cost of a funeral and final expenses may exceed $8,000?

That's why it may be a good idea to purchase an affordable life in...
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Yes, you can purchase life insurance on your parents.

Many children buy life insurance on their parents to help pay for final expenses; such as, funeral and burial costs which may add up to as much as $7,500 or more per parent. A study of Funeral Director's indicates the average cost of a funeral to be around $7,750.

In order for someone to buy life insurance on another person there must exist insurable interest. This means you either rely on the person you want to insure for money, or you woul...
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