If you're wondering if you can, the answer is "Yes".
To buy a life insurance policy on another person there has to exist an "Insurable Interest" between the insured person, and the person buying the policy.
Insurable Interest does exist between a parent and child, siblings, and spouses.
Therefore, you can buy a life insurance policy on your parent.
However, you should know that your parent may have to answer some health questions, sign the application, and possibly take a medical exam.
In addition, there are simpler policies available which offer life insurance without any physical exams. But you still need to answer a few health questions to find out if your parent qualifies for coverage.
Insurance without any Medical Exam,
Just a Few Health Questions.
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