Do you want to buy life insurance for your Mom or Dad?
If so, you may be able to; however, there must be insurable interest to insure another person.
Insurable interest means you stand to lose financially if the person you want to insure were to die. Or, you rely on that person for financial support.
But, insurable interest does exist between parents and their children, spouses, family members, and business partners, among others.
So, yes, you can buy life insurance on your parents.
Some insurers may require your parent's signature on the application, and your parent may have to answer some health questions.
Learn more about how to buy life insurance for a parent and apply online today.
If so, you may be able to; however, there must be insurable interest to insure another person.
Insurable interest means you stand to lose financially if the person you want to insure were to die. Or, you rely on that person for financial support.
But, insurable interest does exist between parents and their children, spouses, family members, and business partners, among others.
So, yes, you can buy life insurance on your parents.
Some insurers may require your parent's signature on the application, and your parent may have to answer some health questions.
Learn more about how to buy life insurance for a parent and apply online today.
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