Adult children have an insurable interest in their parents, which is required in order to buy life insurance on someone else's life.
Many adult children buy life insurance on their Parent to make sure there is enough money available to pay for the final expenses (burial and funeral costs) for their Mother or Father.
There are guaranteed issue life insurance plans available for people ages 45 to 85 years old.
So, even if your Dad has health issues, you can still get life insurance on him.
Learn more about taking out life insurance on your Dad.