Who Can Be Covered By Life Insurance? 
Examples of who might be covered by life insurance include : children , your spouse , yourself , grandparents , Key employees , business owners , funding a trust -LRB- Estate Planning -RRB- . You do have to have an insurable interest as mentioned meaning you have a covered interest in the person you are wanting to get covered . You would not be able to cover your neighbor for example or strangers down the street . 