Can I Insure My Parents Life. Under federal insurance regulations, health insurance companies are now required to allow your children to remain on your health insurance until they either reach the age of 26 or move out of the parental home in favor of a life on their own. You can also fill out our online contact form and we will contact you with the information you need.
A person has an insurable interest in the life of another if the loss of that person would cause that financial loss or certain other kinds of losses. When the children move out of the parental home, they are considered emancipated and become. Can i purchase life insurance for my parents?