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If you’re not in good health, consider guaranteed. Best financial stability ratings, national. Web if you’re wondering, “can i get life insurance on my parents?,” the answer is yes. As long as they agree to it, taking out a life insurance policy for parents can provide you with a cash payout to cover the costs. Web 7 best life insurance companies for seniors in july 2023. Many or all of the. Web to select the top life insurance for parents, we analyzed 91 insurance companies and more than 50 data points across categories including a.m. Guardian, massmutual and northwestern mutual top our list of the best life insurance companies for seniors.