Can I Buy Term Life Insurance For Someone Else? 
It depends on the fact called `` insurable interest '' . Insurable interest deems you have a relationship with this person , either family , partner , or key person in a business , that you would suffer a financial loss with out them . It could be a debt or a final expense . You may never purchase life insurance without the persons knowledge . The person must sign , be examined and be underwritten in order to qualify for this coverage . 