Can You Buy Life Insurance On Another Person? 
You certainly may purchase life insurance on another person . However , there must be an insurable interest . This means the loss of their life would impact you financially . Typically some examples would be an immediate family member , close relative or caretaker , a business partner or a key employee . Keep in mind the person must agree to being insured , be healthy enough to pass through underwriting requirements and the amount purchased must make financial sense . 