Your parents must agree to the policy and participate in the application. Even having Power of Attorney typically does not allow you to buy life insurance for them without their knowledge.
You must prove that you would suffer a financial loss upon their death. Most insurers accept the responsibility of paying for funeral and burial expenses as sufficient proof. can i buy burial insurance for my parents
Yes, you can buy burial insurance for your parents, provided you have their and can demonstrate an insurable interest . Most insurance companies require the parent to participate in the application process by answering health questions or signing documents. Core Requirements Your parents must agree to the policy and