Can I Take Out A Life Insurance Policy On My Brother? 
If your brother is a business partner with you , taking out life insurance policies on each other would be an excellent way for one of you to buy the other out , if one passed away . If your brother is disabled and you have been contributing regularly to his financial well being , you could take out a life insurance policy on your brother . Both to pay for his final expenses , and also to partially repay you for your generosity to him over the years . There are other situations where taking out life insurance on your brother is legitimate in world of life insurance . There are also some situations where taking out life insurance on your brother would not be allowed . Contact a reputable agency online or locally to discuss your particular scenario . 