Can You Get Life Insurance On Other People? 
You can own a life insurance on another person as long as there is an insurable interest . Grand-parents will at times purchase a life insurance policy on thier grand-children , or parent may purchase a policy on thier children , or a child could purchase a policy on thier parent -LRB- s -RRB- . Contact your local agent to discuss the specifics of your situation to find out if you can purchase the type of policy that you want . 