Can You Buy Term Life Insurance For Someone Else? 
You can buy term life insurance for someone else , but they must have an `` insurable interest '' . In other words , would you suffer a financial burden if that person were to die ? Usually life insurance is purchased on a family member , partner or key business associate . Please note you may never purchase life insurance on someone without their knowledge . The insured will have to sign the application and pass through underwriting in order to be insured . 