Life Insurance for Elderly Parents

Is there life insurance I can buy for my elderly parents?

Yes, you can get life insurance on your parents.

Insurers require insurable interest for you to buy life insurance on another person, and adult children do have an insurable interest in their parents.

As for the life insurance you can buy on your folks, there is permanent life insurance, term life insurance and guaranteed issue life insurance.

If you need life insurance to provide money to pay for your parent's funeral and burial costs you may want to consider permanent life insurance.

However, if your folks have any health issues there is guaranteed acceptance life insurance available for people age 45 to 85.

Guaranteed issue plans have no health exam required and there's no health questions asked. It's a quick and easy way to get life insurance policies for your parents.

Here's how you can learn more about buying life insurance for elderly parents