Can I Get Life Insurance On Someone Else? 
Yes , you can get Life Insurance on someone else . Refer to Peggy 's comment on insurable interest . Here are a few situations which you can look at getting life insurance on someone else -LRB- keep in mind , for anyone over 18 , they have to sign the application as well -RRB- : Parent insuring children , Spousal insurance , Insuring a Key -LRB- important -RRB- employee or insuring your business partner so if he passes , you can purchase his ownership from his family . If you have a situation that I did not cover here as there are more , reach out to your broker or contact one of us . 