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Can I Buy Burial Insurance for My Brother?

If you have an elderly Brother, or one with no money saved to cover final expenses, you may be looking into Burial Insurance for your brother. You can purchase a burial insurance policy on your brother if you have an insurable interest in him, meaning - if you either rely on him for some means of financial support, he owes you money, or you would have to pay for his final expenses should he pass away. If you were to suffer a financial cost due to his passing away, you may have an insurable interest in hime, which is required in order to buy life insurance on someone else.



This post first appeared on Term Life Insurance, please read the originial post: here

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Can I Buy Burial Insurance for My Brother?

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