Burial Insurance for Siblings
Can I buy burial insurance on my sibling?
Yes, you may be able to purchase a life insurance policy on your sibling(s) to cover burial expenses.
There are many reasons an adult may choose to buy burial insurance for his or her sibling, including:
You want to provide for your siblings final expenses.
Your sibling has no money saved to cover his/her final expenses including the cost of a burial.
Your are the adult guardian of your sibling.
Your sibling has been turned down for life insurance.
Your sibling has a pre-existing health condition.
Your sibling is unable to afford the cost of his/her own burial insurance policy.
In order to purchase life insurance on another person you need an insurable interest in that person.
There does exist insurable interest between siblings. For example, you may be responsible for paying your sibling's burial costs upon his or her death.
Learn more about buying burial insurance for siblings and how it works.