<prompt> Human: An uncle recently passed away and its been hard on my grandmother particularly financially. This particular uncle was basically wholly dependent upon my grandmother for all aspects of his life for his entire life.So it has gotten me thinking about what is in store for the future and particularly my parents.Now I should probably lead up with my parents have no financial common sense. They are in debt up to their necks.Would it make sense and can I take life insurance out on my parents? That way when they pass Im not having cover the funeral etc? Im assuming that any money from the insurance would be safe from their debts as it would be my policy.For clarification Im not talking a big policy but something small to cover funeral and other expenses.edit: they are in Utah, Im in California if that matters.  <response>: Why not just start investingsaving on your own for this purpose? There wouldnt be confusing insurance paperwork and it would probably be cheaper as far as monthly payments go. Also you can do whatever you want with it at any time so you have way more flexibility. 