Key takeaway
Yes, you can often buy life insurance for your parents in Canada if consent and insurable-interest requirements are satisfied.
What must be true before applying
In most cases, your parent must consent to coverage and complete insurer requirements, including identity and underwriting disclosures.
How to structure the policy correctly
Decide policy ownership, beneficiary setup, and premium payer roles early to avoid disputes or payout delays later.
Frequently asked questions
Can I buy a policy without my parent's knowledge?
No. Consent is usually required for life insurance applications in Canada.
Who should be the beneficiary?
It depends on your planning goals; many families align beneficiary designations with intended final-expense or support outcomes.