Buy Life Insurance for Elderly Parents?

Can I buy life insurance coverage on my elderly parents?

Yes. Adult children may purchase life insurance plans on their parents.

However, if your parents are old, they may be in need of guaranteed issue life insurance coverage, especially if they have health issues, or they are over 75 years old.

Guaranteed issue policies guarantee your parents acceptance for coverage regardless of their health.

Here's how to purchase life insurance for your elderly parents.