Can I buy a life insurance policy on my parents to cover the cost of their final expenses?

Yes, adult children have an insurable interest in their parents, which is required in order to purchase life insurance on someone else.

There are guaranteed issue final expense life insurance policies available for people ages 45 to 85.

So, even if your parents have health problems, they can still get insured for final expense coverage.

With guaranteed approval plans there is no health exam needed, and your parents won't have to answer any questions about their health.

Some plans offer as much as $25,000 of coverage with guaranteed acceptance.

You may purchase policies on your mother and your father.

Learn more about how to get final expense life insurance for your parents.