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Web how to buy life insurance on a parent 1. Web to select the top life insurance for parents, we analyzed 91 insurance companies and more than 50 data points across categories including a.m. Web an aarp survey published in january 2020 found that 42% of adults ages 40 to 64 expect to provide regular financial support for their parents [1]. Be open with your parents about the type of care they’d like as they get. That means you must demonstrate that your parents’ deaths. Web learn about the options for senior life insurance and how to buy coverage when you’re older. Web to buy life insurance for your elderly parents, you’ll have to show proof of insurable interest. Talk to your parents about their wishes.