Who Can Be Covered By Life Insurance? 
There are humorous examples where people have insured gold fish ; however , a living person can be insured . The person applying for the insurance must have an insurable interest at the time the policy is issued . That means you can not buy life insurance as a way to gamble . For the company to offer a life insurance policy there are underwriting criteria which must be met involving the insureds health , family history , occupation , avocation , and additional factors . 