Life Insurance for My Parents?

My sisters and I are planning to buy life insurance for my parents. Being new at purchasing life insurance, I think we may end up just getting term life for my dad because of his age and health. My dad has health problems - diabetic. I'm not sure how life insurance works, so any suggestions or advice would be appreciated.When shopping for life insurance make sure you consider how much life

How Do I Get Life Insurance for My Parents?

As long as your parents agree to it, you can take out a life insurance insurance policy on each of them. Basically they would be listed as the insured person on the life insurance policy, and you would be listed as the owner of the policy. The Insured would have to go through all of the life insurance application and underwriting process (which may include a physical exam, blood and urine tests),

Life Insurance for Elderly Parent?

Life insurance for an elderly parent?I want to buy some life insurance for my dad. He is 59 years old and he lives in an assisted living facility. Is there an affordable life insurance policy that I can buy for him? You may have several options for life insurance for your father.There are term life insurance plans which may offer coverage for up to 20 years or more depending on your father's

What is The Best Life Insurance for My Parents?

I keep feeling I need to get life insurance for my parents. Is that possible? If so, which life insurance company is the best?You can buy life insurance for your parents and name yourself as the beneficiary. Your parents will have to participate in the underwriting and application process, answering some health questions, and you will have to show what you stand to lose financially if something

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

Can I Buy Life Insurance on My Parents?

Are you considering buying a life insurance policy on one or both of your parents?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