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 they have health issues, there is still an option. Guaranteed Acceptance life insurance policies are available for people ages 45 to 85 years old. These plans offer up to $25,000 of life insurance coverage with no health exams and no health questions asked. They can get insured even if they have pre-existing health conditions or have been denied coverage by other life insurance companies in their past. 

Here's how to get life insurance for your parents with no medical exam required.