Best Life Insurance for Parents

“Can you purchase life insurance for your parent? In what cases?

You can purchase a policy on a parent or really anyone you have an “insurable interest” in. We’ve seen ex-spouses with policies, siblings, children and partners as well. The insurable interest is simply if that person might experience a financial loss or difficulty if that person were to die.“

Read more from Kate Brownstein in “Best Life Insurance for Parents” on MoneyGeek.com here.