Life Insurance FAQ's

Can I take out Life Insurance on my parents?


You can buy insurance for your parents as long as you are eligible to take a policy and there would be some financial loss if they died. This is called insurable interest. For example, this might be:

  • if your parents owed you some money that would be lost if they died
  • repayment of a mortgage on the home you live in together
  • funeral expenses

Our LV= Life Insurance policy cannot be set up this way.

Still haven't found what you were looking for?