Can my adult child buy a policy on me?

Yes, with your knowledge and signature. The child can be the owner and payer and name themselves beneficiary; the carrier requires insurable interest, which a parent-child relationship satisfies. You still answer any health questions yourself.

Is final expense insurance worth it if I have savings?

If you have $15,000 earmarked and your family can reach it immediately, you may not need it. Many people buy it so savings are not drained, because the payout is income-tax-free to the beneficiary, and because money in an estate can be tied up for months while a funeral bill is due in days.

For sons and daughters

Buying A Policy For A Parent

How to raise it, how ownership and beneficiaries work, what Mom or Dad has to do, and how to make sure the money lands with the person paying the funeral home.

How It Works

Owner, Insured, Payer, Beneficiary

Your parent is the insured. You can be the owner (you control the policy), the payer (it drafts from your account), and the beneficiary (the carrier pays you). Carriers require insurable interest; a parent–child relationship satisfies it.

What Your Parent Must Do

Know about it and sign. Answer the health questions themselves if the policy has any. Guaranteed acceptance policies have none, but still require the insured's signature. A policy cannot be bought on someone without their knowledge.

Siblings

Name one beneficiary who will handle the funeral, or split percentages. Many families name the sibling who lives closest and agree in writing how the remainder is shared.

If Mom Cannot Sign

A power of attorney may allow you to sign as her representative on some applications; carriers differ. Call and we will check the specific carrier's rule.

How To Bring It Up

"Mom, I'm not worried about you — I'm worried about me and Tom standing in a funeral home with a credit card. Can we take twenty minutes and sort it out so none of us has to think about it again?"

The AARP 2024 End of Life Survey found 63% of adults 45 and over have had an end-of-life conversation with family. The ones who have not usually say it felt morbid. Framing it as "so we are not stuck" moves the conversation from death to logistics.

AARP 2024 End of Life Survey.

What To Have Ready For The Call

Parent's date of birth and state of residence
Whether they could answer a few health questions (current hospitalization, cancer, heart failure, oxygen, dialysis, dementia)
The amount: use the calculator; many families land on $10,000–$20,000
Who will be the beneficiary
Whose bank account pays the premium

Illustrative photo — not a customer

Lock The Price This Year, Not Next

The premium is set by the age at purchase and never changes. Every birthday raises the starting price for life. If the conversation has happened, the next step is a ten-minute call with both of you on the line.

Call 561-816-3446 Ask For Options

However you like to do things

Three Ways To Get Covered

Talk To A Person

A licensed agent, ten minutes, no pressure. We check whether you can get a policy with a few health questions and no waiting period before offering one with a waiting period. Business hours, Eastern time.

Call 561-816-3446

Ask For Options By Text Or Email

Tell us your age, state and the amount you have in mind. A licensed agent sends the options — including the price difference between answering a few health questions and answering none.

Ask For My Options

Apply On My Own, Online

Open our carrier tool, answer a few screens, get a decision. The waiting period, if any, is shown before you sign.

You will leave this site for a carrier tool. Rates shown there are estimates until the carrier confirms. Agent of record: Phamella Bauer (NPN 22053821), NovaVida Group.

Final Expense Whole Life · Fidelity LifeA few health questions · no exam · full benefit from day one if approved · usually the better price. Start here.

Apply — Final Expense

Guaranteed Acceptance Whole Life · Fidelity LifeAges 50–85 · up to $25,000 · no health questions · three-year graded benefit for natural death; accidents pay in full · not NY/WY

Apply — Guaranteed Acceptance

Mutual of Omaha, Gerber Life, Corebridge and the other carriers we represent are quoted by an agent — call 561-816-3446.