1. 12689 POINTS
    Ted Ratliff
    Owner, SFS Associates,
    As long as he consents and can qualify, yes you can.  He would need to sign the application.  You would be listed as the Owner and Premium Payer.  He would have to meet any health requirements the plan may have.  You can own a life insurance policy on anyone as long as you have an insurable interest, in other words you need to have some possible financial loss on the death of the individual.
    Answered on May 2, 2013
  2. 3485 POINTS
    J Scott BurkePRO
    President, Newbury Inc., Evansville, Indiana
    Yes. You can always buy a policy on your father if you have an insurable interest.

    With most insurance companies he will have to be aware and agreeable to you buying and owning a policy on him.

    If you just want life insurance to cover funeral expenses, you can always buy a funeral insurance policy on him WITHOUT his knowledge if you need to. Any funeral home can direct you to an agent that sells these policies.
    Answered on May 2, 2013
  3. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    You can buy life insurance for your father, but it is more like buying life insurance with your father. He will need to sign the application and may need to do a phone interview. If you are applying for more than $25,000 to $50,000, he may need to do an exam.
    Answered on May 27, 2015
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