Yes, if you are an adult, you may purchase life insurance for your parent or parents.
Adult children have an insurable interest in their parents which is required to buy life insurance on another person.
Many people buy life insurance on their parents to make sure there is money available to pay for their parent's final expenses, including the cost of a funeral and burial, which may exceed $7,000.
There are life insurance plans available for seniors without any health exam or health questions asked - these are called "guaranteed issue" life insurance policies which means your parent will not be turned down for coverage due to any health problem.
Here's how you can learn more about buying life insurance for a parent.