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Can you get life insurance on your mom? If she is living, in reasonably good health, and can qualify for a policy, then you can purchase coverage on her.
Assuming you have an insurable interest, there are many life insurance carriers that offer very competitive rates, even if she is much older than yourself.
Agent Owner, Gilmore Insurance Services, Marysville, Washington State
Can you get life insurance on your mom? Yes, you can, but she needs to provide consent to coverage. Actually this is pretty common among sandwich parents these days. A parent picks up a small policy on their parent to pay the cost of the funeral and other expenses involved with taking care of a parent.
You can get life insurance on anyone if you can prove that you will suffer loss at her demise as the beneficiary. But without her signature you can do nothing. Keep in mind that most life insurance companies will frown on securing life insurance on your mother when you have little to no coverage on yourself.
You can get life insurance on anyone if you can prove that you will suffer loss at her demise as the beneficiary. But without her signature you can do nothing. Keep in mind that most life insurance companies will frown on securing life insurance on your mother when you have little to no coverage on yourself.
It depends on a few factors as to whether you may purchase life insurance on your Mom. They are known as "insurable interest factors". Do you depend on your mothers income? Would you be responsible for any of her debt when she dies? Are you responsible for her final expenses at her death? If any of these questions are answered "yes" then you have insurable interest if "no" then you may not be able to purchase life insurance on her. There are a lot of reasons that allow this transaction to occur except for just trying to profit a bit from her death.
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Assuming you have an insurable interest, there are many life insurance carriers that offer very competitive rates, even if she is much older than yourself.