Can You Buy Life Insurance For A Parent? 
If you mean can you pay for life insurance out of your pocket , yes you can do that . If you mean pay for life insurance where you are the beneficiary and / or owner , then youll have to justify the economic loss or third party ownership . With reasonable amount of death benefit , thisshould n'tpresent a problem . Keep in mind that some life insurance companies will require you to have life insurance on yourself before your parents . 