Yes. if you are an adult child you have an insurable interest in your parent or parents.
Insurable Interest in someone is required in order to buy life insurance on that person.
Many adults buy life insurance on their parents to cover the cost of their parent's final expenses, including burial and funeral costs.
In addition, there are guaranteed issue final expense plans available.
That means, even if your parent has health problems, or has been declined for life insurance by other insurers, he or she can still get insured.
Learn more about getting final expense life insurance for your parents.