Can Someone Get Life Insurance On Someone Else? 
Yes , it is possible , but there must be a demonstrated insurable interest between the people involved . Here are a couple examples . In a marriage that is simple . Clearly each spouse has an insurable interest in the other as well as any of their children . In a business partnership , such an insurable interest also exists pretty clearly in that all the partners have an equal financial interest in their company . A business may also have a key person without whom it would be difficult to maintain that business . In a case like that the business can purchase coverage on that person . 