Affordable Life Insurance Protection for Your Family

Can I Buy Burial Insurance for My Brother?

Can You Buy Burial Insurance on Your Brother?

Yes, you can buy a burial policy on your brother if you have an Insurable Interest in him. If so, you may be able to apply for burial life insurance today.

Insurable interest means you rely on the person for some means of financial support, or you would suffer a financial loss if your brother were to die.

For instance, an adult man has an insurable interest in his brother because he may be the one paying for his brother’s burial and funeral costs.

You may have an insurable interest in your parents, spouse, siblings, children, family member, or business partner, among others.

For example, a senior adult may buy burial insurance for his siblings, or an adult child may buy coverage for his or her elderly parents.

Top Pick – Mutual of Omaha

Mutual of Omaha offers guaranteed acceptance whole life insurance for people age 45 to 85. Choose $2,000 up to $25,000 of coverage. Rates start as low as $8.84 per month. There’s no medical exam and no health questions. You cannot be turned down. You can get a quote and apply online now. START HERE to get a FREE Quote.

Your life insurance policy comes with a 30 day Risk-Free, Money-Back Guarantee

What is Required to Buy Burial Insurance on My Brother?

In order to buy a life insurance policy to cover burial costs on your brother you may need your brother’s permission, signature on the application, and he may have to answer some health questions.

However, some insurance companies may not require the insured to be notified about the life insurance policy, or answer any health questions.

How Much Does a Burial Cost?

The premium you pay for burial insurance on your brother will depend on his age, health, and the amount of burial life insurance needed.

Some plans may start at around $10 (or more) per month.

Can I Buy Burial Insurance Online?

Yes, you may be able to buy your life insurance plan for burial costs online.

Are You Wondering If You Can Buy Your Brother Burial Insurance?

If so, it may be easier than you thought.

Actually, in order to buy burial insurance on someone else, you may need the following:

The person’s permission.
The person’s signature on the application for life insurance.
Your person may need to answer some health questions.

However, there are some life insurance companies that may allow you to buy burial life insurance plans on another person without notifying that person.

In addition, in order to buy life insurance for burial expenses on another person you are required to have an "Insurable Interest" in the person you want to insure.

Insurable Interest exists between parents and their children, spouses, family members, and business partners, among others.

Basically, insurable interest means you stand to lose financially if the person you wish to insure dies, or you rely on that person for some means of financial support.

Insurable interest does exist between parents and their children - so you can buy life insurance for burial costs on your parent, or both of your parents.

Why Buy Burial Insurance on Someone Else?

If you buy burial life insurance on your brother (or someone else) you can name yourself as beneficiary of the life insurance policy.

And, you can use money from the life insurance policy to help pay for your brother’s burial, funeral, and other final expenses.

Purchasing Burial Insurance on My Brother

You can get life insurance on your siblings - Brothers or Sisters.

However, there are certain guidelines that must be followed. One of the primary factors will be if there is an insurable interest or not.

An "Insurable Interest" means that if someone died you would suffer financial loss.

Or said in the positive, you have an insurable interest in another person if that person benefits you, such as financially, by his or her continued existence.

Insurable Interest in a Brother or Sister

Typically, when asked the question "Can I get life insurance for my brother?" or "Can I get life insurance for my sister?" it’s usually because the person is worried about what would happen if their sibling passed away without life insurance.

For example:

Who would pay for their burial expenses?
How would his or her heirs survive "financially" after he/she was gone?

After all, if there is no life insurance in place the question then becomes, "Is there a plan in place to make sure final expenses would be taken care of?"

In situations like these the un-insured sibling may be un-insured because:

they have some type of pre-existing condition
they don’t feel that they need insurance
they may simply not "believe" in life insurance protection.

This is why it can be difficult to get these individuals involved in the process of getting life insurance in place.

After all, depending on the type of life insurance being applied for, getting approved may be considered too much work for a brother who isn’t interested in getting insured.

The Real Question Behind "Can I Buy Life Insurance For My Brother?"

We’ve found that most of the time when we’re asked, "Can I buy life insurance on my brother?" the person is asking the question because their brother just won’t seem to get life insurance on their own.

It could be because they don’t:

Think they need it
Don’t like doctors
Don’t trust insurance companies
Think it’s too creepy to talk about how the will one day eventually pass away.

The point being people will make up lots of reasons not to buy life insurance but that doesn’t change the fact that one day, everyone including your brother, will die.

How Can I Buy Life Insurance on My Brother or Sister?

Let’s just assume that your brother is OK with you purchasing life insurance on him, but he’s just not going to go out of his way to make it easy on you.

In this case, if you can:

Eliminate the need for a complete medical examination
Allow everything to be completed over the phone in just a few minutes
Get rid of the long approval process for coverage, even the most stubborn applicant can be persuaded to get insured.

What If My Brother Won't Pay the Insurance Premiums?

It’s OK, as this is a common situation.

A family member will often pay the premiums for another member of the family just so that they can be sure that the life insurance policy remains "In Effect".

Insurance carriers don’t really want to find themselves allowing someone to insure another person without the insured having knowledge of the fact he or she is insured.

For this reason, some carriers (but not all) may require the initial payment to be made by the insured person, and then switched to another individual after the first premium is collected.

Life insurance companies restrict the purchase of life insurance so that you may only purchase life insurance on those you have an insurable interest in.

An insurable interest is when you have a personal and economic interest in the life of the person you are insuring. You may be able to purchase life insurance on your brother, but there must be a good reason to do so.

Dependence

If you depend on your brother for some financial support, or for certain other reasons, you may purchase life insurance on his life.

For example, if you are permanently disabled and you can show the insurance company that your brother takes care of you, then you may be able to purchase a life insurance policy on his life.

Additionally, if you can show that you are permanently financially dependent on your brother then you may purchase life insurance on his life.

Funeral and Burial Expenses

You may purchase life insurance on your brother's life if you are responsible for his funeral, burial and final expenses.

A burial-type insurance policy is purchased in this case. The size of the burial policy is usually negotiable and will depend on your brother's wishes.

However, the average cost of a burial, funeral and related expenses, in the US is in excess of $8,000.

Limitations

Life insurance companies attempt to protect all of their policyholders by establishing a reason for the purchase of an insurance policy.

By setting the standard of insurable interest, the life insurer ensures that life insurance will be used to replace an economic loss, not make individuals wealthy at the cost of the insured individual's life.

For this reason, life insurance purchased on your brother may be limited.

This is especially true if you are not dependent on your brother for any reason.

If your brother owes you money, or if you rely on your brother for financial support, those are reasons for which you may be allowed to buy life insurance on your brother.

If you want to buy life insurance for your brother to cover his funeral and burial, or cremation cost, a small insurance policy like that may be permitted.

Common Reasons to Buy Life Insurance on Your Brother

There are many reasons you may want to purchase life insurance on your brother to help pay for his burial and funeral expenses.

Unemployed – If your brother has no income.
Disability – If your brother is disabled due to an injury or illness.
Handicapped – If your brother has a mental or physical handicap.
No Savings – If your brother is not good with money.
Bankrupt – If your brother has filed for bankruptcy.
Owes You Money - If your brother borrowed money from you and has not repaid the loan.
Legal Guardian - You are the Legal Guardian for Your Adult Brother
Chronic Illness - If your brother has a Chronic Illness
Uninsurable – If your brother is unable to get insured for any reason; such as, due to addiction, incarceration, age, health, driving record, credit history, etc.
Business Partners – If your brother is your business partner.

Burial Insurance Quotes

Top Pick – Mutual of Omaha

Mutual of Omaha offers guaranteed acceptance whole life insurance for people age 45 to 85. Choose $2,000 up to $25,000 of coverage. Rates start as low as $8.84 per month. There’s no medical exam and no health questions. You cannot be turned down. You can get a quote and apply online now. START HERE to get a FREE Quote.