Can I Buy Life Insurance on Myself?

Yes, you can buy a life insurance policy on yourself, which would name you as the insured, and you would select someone else to be the beneficiary of the policy.

The beneficiary is the person who receives the proceeds from your life insurance when you die.

This is the most common way to buy life insurance - buying coverage on yourself.

There are many common reasons someone would choose to purchase life insurance including to replace income, pay off mortgage, provide for spouse's retirement, etc.

Learn more about buying life insurance on yourself.