Can I Buy A Life Insurance Policy On My Parents? 
This is a very common question . The answer is yes . Let me give you an example of what one of my clients did . It was very thoughtful . My client is a woman in her 30s . She is very devoted to her mother , who is in her 60s . Her mother took great care of her when she was growing up , and now she wanted to pay your mother back . She makes sure her mother lacks for nothing . She bought her a house , and pays her monthly bills . She bought her a car . She treats her to vacations . Her whole attitude is that my mother took great care of me , and now that I have the money , Im going to take great care of her . Of course , all the money she is spending now on her mother , is money she can not spend on herself and her own future . She is basically depleting her retirement fund for her mothers care . She came to me and basically said that she would like to get reimbursed at some point for the money she is spending on her mother . She will happily provide for her mother as long as a mother is alive ; however , when she dies , she would like to have an insurance benefit paid to her to replenish her own retirement fund . The goal was to get a life insurance company to offer a policy on her mother for that reason . And I did it . It took some digging , but I did find a life insurance company to buy into that concept . They did set a limit on the face amount , but it was reasonable as far as what my client wanted to accomplish . Certainly a win-win situation . 