Can I Buy Life Insurance on My Dad?

Yes, if you are an adult child, you may be able to purchase a life insurance policy on your father.

Adult children have an Insurable Interest in their parents.

In order to buy life insurance on someone else, you need an Insurable Interest in the person you wish to insure.

Many adult children buy life insurance on their parents to make sure there is money available to pay for their parent’s final expenses.

Here's how to buy life insurance on your Dad.