Can You Take Out Life Insurance On A Grandparent? 
Yes , you can take out a life insurance policy on a grandparent in many situations . If you are contributing to your grandparent 's living expenses or health care through money or services , or if your grandparent lives with you , there will be no problem with purchasing life insurance for your grandparent . If you are not contributing to your grandparent 's financial situation , you still should be able to purchase a final expense policy -LRB- under $ 100,000 -RRB- for your grandparent . When purchasing simplified issue final expense insurance , it is often easier to purchase the policy if your grandparent is the owner of their own policy . It does not matter so much who is the payer . 