My mom and dad are seniors and do not have any life insurance to pay for their final expenses. Can I buy life insurance for them?
Yes, adult children may purchase life insurance on their elderly parents.
You just need an insurable interest in someone to buy life insurance eon them, and there is insurable interest between parents and their children.
Some carriers may or may not require your parent to sign the application for coverage.
There are life insurers that do not require any health exam or health questions - this is called "guaranteed issue" life insurance. These plans may offer guaranteed approval for people ages 45 to 85.
Learn how to buy life insurance on your parents