Can I Buy Life insurance for an Elderly Parent?

Yes, you can buy life insurance on your parents.

Most life insurance companies will allow you to purchase a life insurance policy for your elderly parent.

This is because you have an insurable interest in your parents, which means you may suffer a financial burden as a result of their death, for example, paying the cost of your parent's funeral and burial.

Many adult children purchase life insurance for their elderly parents so there are funds available to pay for the cost of final expenses, including a burial and funeral, among other related costs.

Learn more about how to buy life insurance for an elderly parent