Can I Buy Burial Insurance for My Brother?

Are you wondering if you can by a burial life insurance policy on your brother?

Whether you are the legal guardian for your brother, he owes you money, he has no money saved, or you would end up paying for his final expenses, you may be considering the purchase of a burial insurance policy.

One key issue when buying life insurance on someone else is whether or not you have an insurable interest in the person you want to insure for life insurance?

Usually, siblings may have an insurable interest in each other, since they may end up paying for the other's final expenses, or one sibling may owe the other money, or rely on the other sibling for some means of financial support.

Here's an article that provide more information on this topic: "Can I Buy Burial Insurance on My Brother?"