Who Will Buy My Life Insurance? 
Most people buy their own life insurance . You can be the Owner , Insured , and Payer for your own policy . That way you have the ability to make any changes to the beneficiary , and you can also make sure your policy stays in effect by paying the premiums on time . However , if you wish , your partner or parents could by life insurance for you . If you have children or grandchildren who want to buy you a final expense policy , that can work , too . 