Can Life Insurance Be Purchased For Anyone? 
Most anyone can purchase life insurance on themself . If you want to purchase life insurance on someone else , you must have an insurable interest . You would usually need to be a spouse , parent , child , or business partner of the insured . You would also need their knowledge and approval . If you buy a funeral Preneed insurance on a family member , they do not have to be aware of it provided you are their next of kin and will be responsible for their funeral costs . 