Am I Able To Get Life Insurance On My Brother? 
The short answer is YES , you are able to purchase life insurance on the life of your brother . The basic rule ormeasure in determining the legality of purchasing life insurance on another is `` Insurable Interest '' , in other words , ` Do you have an interest in the continuation of the insured 's life ? ' . The blanket explanation of insurable interest is a relationship through love , blood and business . Therefore , you could not go out and purchase a policy on a stranger as that would be considered a wagering contract . Secondly , after meeting insurable interest requirements , the next guideline is that you are limited in the amount of coverage you can purchase based upon the insured 's net worth . Simply put , if you brother does not have two pennies to rub together , you may have a difficult time purchasing coverage on his life . Specifically to your situation , it seems that you have met the basic requirements to purchase coverage on his life . However , in order to do so , you will need his permission meaning that he will need to co-sign the application for insurance . With the sensitive nature of your current relationship , the best way to present the need for insurance to your brother is that you wish to have enough coverage on his life to prepare for `` final expenses '' . This would include funeral expenses , probate expenses if he has any assets and any other unresolved , secured debt that could be passed on to his estate . Do not feel guilty for your thought process , it is a very wise way to consider and utilize such a valuable asset to protect yourself against the financial burden that our loved ones sometimes create . 