Can I Get Life Insurance On My Grandparents? 
Getting life insurance on grandparents can be touchy . Life insurance is not meant to provide profit to the Owner of the policy , it is meant to prevent the Owner from suffering loss as the result of the Insured persons 's death . So if your grandparents are living with you , or you contribute to their living expenses , life insurance would be a reasonable way to repay you . If you do not contribute to their well being through money or services that would cost them money if you did not do it , then you do not have an `` insurable interest '' in their lives . This would make it difficult to be Owner of a policy on them for over $ 50,000 . However , most life insurance companies will allow grandchlidren to purchase a policy on their grandparents for final expense reasons . This is very common and a great way to ensure that the death of a grandparent does not cause undue hardship to the family . 