Can I Take A Life Insurance Policy Out On My Grandmother? 
Can you take out a life insurance policy on your grandmother ? That question , like most on this website , can not be answered with a straight yes or no . If your grandmother lives with you and you share in her income and expenses , you should be able to take out a policy of at least $ 100,000 on your grandmother . If you are buying a policy so that you can pay for her funeral , you should be able to take out at least $ 15,000 on her . If neither of those are the case , you may not be allowed to take out a policy on your grandmother . It depends on the circumstances , the company , and the type of policy you are buying . Insurance fraud often involves people taking out life insurance on older persons who have a short life expectancy , by younger people who have no financial interest in the lives of the Insured . Life insurance companies each strive to prevent that type of fraud in their own way , and thus you will find different regulations involving whether or not a grandchild can take out a policy on a grandparent . Suffice it to say that if the cause is legitimate , it is usually OK to take a life insurance policy out on a grandmother . 