How Can I Get Life Insurance On My Parents? 
I would assume by the nature of your question , you are an adult and your parents are aging . If you were young and dependent upon their care and income , the answer would be most definitely , they should both purchase life insurance to protect you from a financial disaster . You can purchase lower face amounts of life insurance on your parents without a large burden of insurable interest . Typically this is done for final expense or cleaning up some debt at their passing . Keep in mind even though you are allowed to own the policy , pay the premiums and be their beneficiary , the parents will be the insureds . All insureds must sign the application with full knowledge of what they are purchasing . The underwriter will want your parents health history , life style , age , etc. . Depending on the age and face amount , it is possible they will need a paramed exam for blood , urine , EKG , etc. . Just be sure they are informed of your decision before starting the process . 