Can I Take Out Life Insurance On My Brother? 
Yes . You can buy life insurance on your brother if several factors are met : 1 -RRB- He agrees to allow you to take out a life insurance policy on his life -LRB- evidenced by him signing the paperwork as the proposed insured -RRB- . 2 -RRB- There is an insurable interest for the coverage . 3 -RRB- The policy being applied for is suitable to the need - there are limits to how much coverage can be taken out a person -LRB- generally 20-30x income - exact maximum coverage allowance varies by carrier -RRB- . After discussing the prospect of buying the insurance with your brother , you will want to talk to an experienced life insurance broker who can go through everything with you , help you evaluate how much coverage is appropriate for what you 're trying to accomplish , review your brother 's medical history -LRB- this is very very important because the medical history determines the risk classification he qualifies for - the risk classification determines the premiums you will have to pay for the coverage -RRB- , provide the proper and most accurate quotes for the coverage , and get the coverage placed in force . I hope the input is helpful - please feel free to contact me for help or if you have any other questions . Thanks very much . 