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Can I Buy Life Insurance for my Father?

Licensed Life Insurance Agent/Marketing Manager
April 02, 2020

Getting life insurance might be something you or members of your family never really thought about. But if you are thinking about it now you may be wondering if you can buy life insurance for other people. 

You are able to buy a life insurance policy for someone else as long as you have what is called insurable interest. In life insurance insurable interest means that if the person you are looking to insure were to pass way you would experience a financial loss. 

How do I get life insurance for my dad?

The life insurance company that you go with can make a big difference. For example, some will require a phone interview while others might also require a life insurance medical exam. They will need your dad to actively participate in this process.

If your dad isn't looking to be as hands on you might be able to get coverage for him online in minutes. Companies such as Haven Life and Bestow offer term life insurance policies and he can be approved in minutes.

If you are looking for policies that aren't term, you can still apply online with most insurance companies or you can get a life insurance quote with us and start an online application.

The older your father is the more expensive the policy will be. If you are just looking for a policy to cover final expenses, check out the top 10 final expense companies.

What if my father doesn't want to pay the premium?

This isn't uncommon. If your dad doesn't have the funds to purchase the policy or if he would just prefer not to, it can be paid by someone else.

Insurance companies can be sensitive about this. They may require the initial payment to be made by the insured.

Insurance companies want to make sure that if someone is purchasing a policy for someone else that they have an insurable interest. It is illegal for a life insurance company to sell a policy on someone else if they don't have the presence of defined insurable interest. So you can see why they would be sensitive about this. Once the initial payment is made by your dad it can be switched to someone else.


If you have insurable interest in your dad then you can get a policy for him. Applying online can be the quickest and most efficient way to get coverage. 

If you have questions about buying life insurance on your dad or prefer to have someone guide you through the process give our life insurance agents a call.

Written by
Chelsie Ball
Chelsie is fixated on developing innovative ways to present complex ideas and maneuvering people to the information they need. She has worked in digital marketing for the past eight years and has been a licensed life insurance agent since 2010. When she isn’t looking out for the user, you can find her watching Netflix or desperately trying to find a real hobby.