Yes, you may be able to buy life insurance on another person if you have an insurable interest in that person.

If you rely on someone else for financial support, or you would suffer financially if another person were to die, you may be able to buy life insurance on that person.

However, in order to purchase life insurance on another person you may need that person's permission, and the person may have to sign an application for the life insurance, and answer some health questions.

Usually, insurable interest exists between spouses, siblings, parents and their children, family members, and business partners, among others.

Learn how you may buy life insurance on someone else.