Yes, an adult child has an "Insurable Interest" in his or her parents, and may purchase life insurance coverage on them.
You may choose from many life insurance carriers to get life insurance on your parents; however, some insurers may require that your parent's sign the application for insurance coverage.
Many adult children choose to purchase a guaranteed approval life insurance plan on their parents to get the coverage needed to help pay of their parent's final expenses, including the cost of a funeral and burial.
The total cost of these final expenses may exceed $7,000. An affordable life insurance plan for your parents can help offset the cost when the time comes.
Learn more about Where to buy life insurance on my parents?