Yes, you can legally buy long-term care insurance (LTCI) for your parents . In this arrangement, your parents are the individuals, and you act as the payor , responsible for the premiums.
You must prove that their potential need for care would cause you financial hardship (e.g., you’d have to pay out of pocket or lose an inheritance). can you buy long term care insurance for your parents
Buying a policy can provide significant peace of mind, ensuring your parents have access to quality care while protecting your inheritance and preventing financial strain on your own family. Key Requirements for Buying a Policy Yes, you can legally buy long-term care insurance