Can I Get Life Insurance for My Elderly Parents?

Yes, you can purchase life insurance policies on your elderly parents.

It is possible for an adult child to buy a life insurance policy on his parents.

In fact, many people purchase life insurance on their parents to provide money to pay for their parents final expenses, including the cost of a funeral and burial expenses.

If your parents don't have life insurance, and don't have enough money saved up, it may be a good idea to get life insurance coverage on them to help pay for their final expenses.

The cost of an average funeral and burial related expenses may exceed $8,000 and final expense life insurance plans offer from $2,5000 up to $25,000 of life insurance coverage.

If you are an adult child, you do have insurable interest in your parents, and are eligible to purchase life insurance on your parents.

Learn how to buy life insurance for elderly parents