Can I Buy Term Life Insurance For Someone Else? 
That is a great question ! You can , but there has to be a couple of things that you can do first . The main thing is realize that the person you wish to buy it for has to understand what you are doing , and why . If they wo n't agree to sign , or can not understand what is going on , the policy wo n't be issued . You will also have to meet the companies standard for having the ability to show your `` insurable interest . '' That is the rule that keeps people from insuring random people , and gambling on their lifespans for personal profit . -LRB- That was an issue in the early days , when some unsavory folks figured out how life insurance worked ! -RRB- You will have to show that their passing will cause you a loss . If you can do those two things , and are certain that a term policy is the best option , then you should have no problem getting the policy . Thank you for asking ! 