To purchase life insurance on another person you need to have an "Insurable Interest" in that person.
There exists an insurable interest between spouses, parents and children, and siblings.
That means you could buy a life insurance policy on your father.
However, when you apply for life insurance you may need the insured person (your dad) to answer some health questions, perhaps take a medical exam (if required) and sign on the life insurance application.
These requirements usually exist for most life insurance plans, but your father will most likely be aware you are buying the life insurance policy on his life.
To compare plans for life insurance on your dad you can request free life insurance quotes online and compare rates from several life insurers in minutes to help you find the lowest rates.
If you father is over fifty and you are looking for a small life insurance plan to help pay for final expense and burial costs you may want to consider Globe Life Insurance which offers up to $30,000 of simplified life insurance with no medical exam required, just a few health questions.
Insurance without any Medical Exam,
Just a Few Health Questions.
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