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Who can you insure?In: Life Insurance [Recategorize] |
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Insuring someone
Good question and I understand your moral dilemma.
There must be an insurable interest in order for one party (you) to take out life insurance on another party (your parents).
Do they support you, or do you live with them and rely on them for any financial support or living situation?
If so, you may be able to get a life policy on them.
Either way you won't know until you get some quotes and find the coverage right for you at the best price you can afford. You can compare quotes online.
To be certain, after you have your quotes, e-mail the insurance company you want to get coverage through and ask them to verify in writing (by e-mail) that you can take out a life insurance policy on your parents. Again, it usually comes down to a question of insurable interest.
First answer by ID0000000000. Last edit by ID0000000000. Question popularity: 211 [recommend question]
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