Yes, it is possible to buy term life insurance for someone else. This is known as 'third-party ownership' of a life insurance policy. In this scenario, you would be the policyholder and the person you are buying the insurance for would be the insured. It's important to note that the person being insured must be aware of and consent to the policy. Additionally, you would need to have an insurable interest in the person you are buying the insurance for, meaning that you would suffer financially if something were to happen to that person. It's also important to consider the tax implications and legal requirements associated with third-party ownership of life insurance. Before proceeding with this type of arrangement, it's advisable to consult with an insurance professional or financial advisor to ensure that all legal and ethical considerations are addressed.