Buy Term Life Insurance

Yes, you can purchase life insurance coverage on your parents.

You can buy a life insurance policy on anyone with whom you share an economic insurable interest, including your parents or spouse.

The parent or parents you wish to insure will  need to sign as the policy "Insured" on the application for life insurance coverage, and have to be mentally competent to do so.

In addition, your parents may need to answer some health questions, or take a medical exam to find out if they are insurable, and qualify for the life insurance.

So, basically, you need their consent, signature on the application, and they may have to answer some health questions.

Life insurance policies held between different family generations are quite common.

Many families buy burial life insurance plans on the older family members, so their children will have the money to pay for the parent's final expenses, such as, their burial and funeral costs.

Here's how you can buy life insurance on your parents from an "A+" rated life insurance company offering you affordable protection which you can apply online for in about 5 minutes.