Can a 30 yr old child take out life insurance on a parent? -

neither one of my parents have life insurance and if they purchase it they will not purchase much coverage. Sure, with the consent of the parent. Especially is they have no insurance. When, not IF, but WHEN death occurs, what will you use to pay for the funeral?? Go see an agent, and do it now. Yes, you can insure the life of your parent. You need the following: 1. An Insurable Interest - They are your parents and you may need to pay for their funeral and burial, so yes there is an insurable interest presented in this case. 2. You need their permission and cooperation - They would need to provide information and answer questions for the application, and perhaps sign a form. 3. Physical Exam - Your parent may be required to take a physical exam to qualify for the life insurance coverage. You do have an option of buying a smaller policy that offers between $5,000 to $30,000 of life insurance coverage that would help to pay for final expenses and things of that nature. This type of policy is quick and easy to apply for online. In fact, you may be able to get up to $30,000 of simplified life insurance online for both of your parents starting today. With no medical exam required. To learn more about life insurance for your parent, you can visit http://www.term-life-online.com/senior-n... - Here you can request a quote and apply online. I hope that helps! Best of luck to you and your family. The question behind the question is.... Does insurable interest exist? Of course as there is blood relationship and establishing insurable interests would not be difficult at all. Not generally. Your concern for your parents is touching. YES, YOU CAN!!! First off, you are not a Child at 30! 'Their' child but, not considered a Child , according to the State. You' be their, Son or Daughter. Definately you can Insure your parents! Why would any Parent leave the burden of Funeral Burial a financial burden of 'their' Child? Absolutely - you just have to have their permission and cooperation. But it's NOT going to be cheap, at their age. Yes, you can. Talk to a knowledgeable agent. One that could help you decide if you need to cover more than just funeral and burial costs. No, not generally, unless... You are financially dependent upon them, or their death would have significant financial impact on your life and they give their permission. Yes, with their permission or if you have a contract showing they owe you money. Insurable interest is not scrutinized the same way among immediate family members. Talk to an independent agent.