Can I Take Out Life Insurance On Someone Else? 
Yes you can take life insurance out on someone else . As Peggy mentioned you need to have an insurable interest in them . In addition you need to their permission to insure them . An exception would be if you were insuring one of your minor children , where you do not need their permission . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . 