Yes, it is possible to purchase life insurance for your parents, but there are certain conditions and considerations to keep in mind. You can purchase life insurance for your parents if you have their consent and insurable interest. Insurable interest means that you would suffer financially if your parents were to pass away. It's important to have an open and honest conversation with your parents about the decision to purchase life insurance for them. Additionally, the type of policy and coverage amount will depend on your parents' age, health, and financial situation. You may also need to provide evidence of their insurability, such as a medical exam or health questionnaire. Keep in mind that the cost of the policy will be based on your parents' health and age at the time of application. Before purchasing life insurance for your parents, it's advisable to consult with an insurance agent or financial advisor to understand the options available and the implications of such a decision.