Since an adult child has an insurable interest in his or her parent(s), the adult child may purchase life insurance on the parents.
Some insurers may require approval from your parents in order to issue the life insurance policies. This may be in the form of your parent's signature on the application request for coverage.
In addition, depending on the life insurance policy requirements, your parents may need to answer some health questions and take a physical exam.
However, there are senior life insurance plans with no health exams, no health questions asked, and guaranteed approval for people age 45 to 85.
Here's how to learn more about how to get life insurance for your parents.