How To Get A Life Insurance Policy On Someone Else? 
In order to purchase life insurance on another party , there are a few things that must happen first . One is there must be an insurable interest . This means that you must sustain a financial loss of income or debt in order to have an insurable interest . Second , the person must be willing to take out the life insurance policy . You may be the owner and payer but they will be the insured . They must go through underwriting for health , life style , income , etc. . 