As a parent, you do have an insurable interest in your child and may purchase life insurance with his or her permission.
Many parents buy life insurance on their adult children to secure a personal loan; such as, a loan to go to college or pay for a new car or the down payment for their adult child's new home.
Life insurance can help make sure the parent is protected in case the adult child passes away.
In addition, many parents buy life insurance on their adult kids to provide protection for their grandchildren, in case their adult children can't afford life insurance of their own.
Learn more about insuring your adult child for life insurance.