Can Anyone Take Out A Life Insurance Policy On Me? 
What Peggy states is completely true and well written . On the other side of the question though . If you are asking if someone else can own a life insurance policy that is taken out on you . Then the answer is yes . A parent can purchase a life insurance policy on a child . A grandparent can purchase a policy for a grandchild . A company can purchase a policy on a company employee . The main requirement besides your participation is what is called an insurable interest . Contact a local agent to discuss your coverage needs and concerns . 