Wednesday, May 13, 2009

Can You Buy a Life Insurance Policy On a Parent?

Can you purchase life insurance on your parents?

Yes, you can.

In order to buy life insurance on another person there must exist Insurable Interest.

Insurable Interest exists between spouses, siblings, and a parent and child.

That means you may buy life insurance on your mother or your father.

However, when applying for life insurance on your parent, the insurer may require your parent to answer some health questions, take a physical, and sign the application for life insurance coverage.

Here's how you can request free life insurance quotes on your parent and find a low cost life insurance policy.

When comparing quotes make sure you answer all questions truthfully, and review the financial ratings of the life insurance companies.

NEW! Here’s How to Buy up to $500,000 of Term Life
Insurance without any Medical Exam,
Just a Few Health Questions.


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