How To Take Out Life Insurance On Another Person? 
The process is simple . The person you want to insure must cooperate . Contact your life insurance agent and tell that person what you want to do . There will be questions for the person being insured and a few for you as well . I would suggest that in most circumstances if you are paying the premiums you will want to be the owner and beneficiary . You should receive a copy of the policy and safeguard it . 