: You must prove that you would suffer a legitimate financial loss or hardship if the person died. This prevents people from "gambling" on the lives of strangers.

: Parents can often buy policies for minor children without the child's signature to protect their future insurability.

: Because you share debts, income, and household responsibilities.

: It is virtually impossible and often illegal to secretly buy life insurance on another adult. Forging a signature is a criminal act that can invalidate the policy.

: Both you (as the owner) and the insured person must sign the paperwork.

Yes, you can legally buy life insurance on someone else, but only if you meet two specific legal requirements: and consent . Key Requirements

: As the policy owner, you are responsible for keeping the policy active.

: If you share a loan, the death of a co-signer might leave you solely responsible for the debt. Process Overview