Yes, adult children may purchase life insurance for their parents.
In fact, since many seniors may not have the funds necessary to pay for their own funeral and burial costs, many adult children purchase life insurance for their parents.
That way, there is money available to pay for your parents final expenses, which may cost in excess of $7,500.
You can request a price quote and apply for life insurance online for your parents.
And, several insurers offer life insurance with guaranteed approval, which means your parent cannot be turned down for coverage due to any health problems.
There's coverage available with no health exam required and no questions asked about your parents health.
You may choose from $2,500 up to $25,000 of life insurance coverage for your parent.
Here's how to get a free price quote on guaranteed approval life insurance for your parents.