Want to get a life insurance policy on my sister?

I know that there are life insurance policies for yourself or spouse, but I am trying to get a policy on my sister. 

Are there life insurance policies out there for siblings and if you have any additional info it would help.

Yes, there are life insurance plans you can buy on your sibling.

In order to buy life insurance on another person you need an insurable interest in that person. There does exist insurable interest between siblings, so you can buy life insurance on your sister.

However, you will need your sister's permission and signature on the application, and she may need to answer some health questions, and/or take a paramedical exam which is paid for by the insurance company.

However, you would be insurance owner of the life insurance plan and would name yourself as the beneficiary of the life insurance, and you would pay the premiums for the policy.

Permanent life insurance offers lifetime coverage, buy term life insurance lasts for up to 30 years and costs a lot less, which means you can afford more life insurance protection.

Here's how you can compare instant life insurance quotes for your sister and compare plans online now.