Can You Buy Life Insurance On Your Parents at Life

Can You Buy Life Insurance On Your Parents. The earlier in your parent’s life that you purchase the policy, the cheaper the monthly payments are going to be. But can you buy life insurance on your parents?

Proving insurable interest isn’t the only requirement to buy insurance on your parent. Many insurance agencies accept virtual documents or even verbal consent over the phone. Offset long term care expenses.

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The first question you would have to ask yourself is what is the reason for buying life insurance on your parents? A parent can carry a life insurance policy on their adult child. In other words, don’t expect to get rich off of a life insurance policy on your parents. Many insurance agencies accept virtual documents or even verbal consent over the phone.