Can I Buy Life Insurance for a Family Member?
Life insurance provides many benefits for both the life insurance policyholder and their loved ones.
One of the most important benefits of life insurance is the peace of mind it provides to all members of your family.
Buying life insurance for a family member is a great way to provide that peace of mind, along with all the important financial benefits that come with this type of insurance coverage.
For instance, many adult children purchase life insurance for their parents to help the surviving parent pay for living expenses, or to pay for a parent's final expenses, including the cost of a funeral and burial.