Taking out a life insurance policy on someone else is perfectly legal, and there are circumstances where it’s worth considering. Many, or all, of the products featured on this page are from our ...

One of several steps in purchasing life insurance may be proving an insurable interest. We help you understand what insurable ...

Can you take out life insurance on someone else? To take out a life insurance policy on someone other than yourself, you must have a financial stake in their life. For example, it’s impossible ...

Can I buy life insurance on someone else? Yes, you can buy life insurance on someone else, but not without their consent. You must also be able to prove you have an insurable interest in that person.

At its core, life insurance is meant to replace someone's income when others rely on it, whether that's a partner, children or someone else. If life insurance is the right move, look at your ...

No. While you usually need permission when buying life insurance for someone else, that only applies to adults. However, in general, you must be a parent, grandparent or legal guardian to buy ...

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To take out a life insurance policy on someone else, you also need their permission. Life insurance is usually used to cover your own death and to provide for your spouse and dependents.

But you can also buy life insurance for someone else. For instance, couples typically have life insurance policies on each other. Grandparents can even get life insurance for their grandchildren.