Life Insurance for Siblings

You can buy life insurance for siblings as long as you have their consent and proof of insurable interest. Insurable interest means you’ll experience a financial burden if your sibling passes away. Life insurance costs $26 per month on average. However, the cost of buying your sister or brother insurance might vary depending on the level of coverage you need and their medical record, age, gender, and lifestyle choices.

UPDATED: Jun 23, 2022Fact Checked

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Chris Tepedino is a feature writer that has written extensively about home, life, and car insurance for numerous websites. He has a college degree in communication from the University of Tennessee and has experience reporting, researching investigative pieces, and crafting detailed, data-driven features. His works have been featured on CB Blog Nation, Flow Words, Healing Law, WIBW Kansas, and C...

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Written by Chris Tepedino
Insurance Feature Writer

Laura Walker graduated college with a BS in Criminal Justice with a minor in Political Science. She married her husband and began working in the family insurance business in 2005. She became a licensed agent and wrote P&C business focusing on personal lines insurance for 10 years. Laura serviced existing business and wrote new business. She now uses her insurance background to help educate...

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Reviewed by Laura Walker
Former Licensed Agent

UPDATED: Jun 23, 2022

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UPDATED: Jun 23, 2022

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It’s all about you. We want to help you make the right coverage choices.

How much does life insurance cost for siblings?

On average, people pay $26 per month for life insurance. However, life insurance quotes for siblings vary based on their age, gender, medical record, and lifestyle choices.

Below, compare example rates for siblings with different term lengths for a policy with a $100,000 death benefit by gender and age.

Average Monthly Life Insurance Rates for Sibling by Term Length

Age	Female Average Monthly Rates (10-Year Term)	Male Average Monthly Rates (10-Year Term)	Female Average Monthly Rates (20-Year Term)	Male Average Monthly Rates (20-Year Term)	Female Average Monthly Rates (30-Year Term)	Male Average Monthly Rates (30-Year Term)
25-years-old	$12.44	$14.27	$12.70	$14.53	$15.40	$20.01
30-years-old	$13.14	$14.70	$13.22	$14.96	$17.23	$21.84
35-years-old	$14.44	$15.23	$15.40	$17.57	$19.49	$23.84
40-years-old	$15.49	$16.36	$18.62	$21.40	$24.19	$31.32
45-years-old	$20.71	$20.79	$22.97	$26.54	$30.54	$42.02
50-years-old	$23.49	$26.54	$29.32	$36.02	N/A	N/A
55-years-old	$29.67	$34.45	$38.11	$50.98	N/A	N/A
60-years-old	$40.98	$51.50	$60.20	$84.91	N/A	N/A
65-years-old	$59.51	$83.09	$97.44	$144.51	N/A	N/A

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As you can see, securing affordable life insurance for siblings is a possibility. However, brothers cost more to insure than sisters.

Compare life insurance quotes from multiple companies online to find the best provider for your family.

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How do you buy life insurance for a sibling?

Many people wonder, can you take out a life insurance policy on another person, like a sibling?

The answer is yes, as long as you have their consent and can prove insurable interest.

Insurable interest means you’d experience a financial burden if the person passes away.

For brothers and sisters, this includes people who cosign a loan, go into business together, or are legal guardians of their younger sibling.

Some companies allow you to take out a policy on any blood relative with their consent.

According to the U.S. Department of Health and Human Services, consent means your sibling signs a written form expressing permission for the underwriter to access their medical record.

You also need them to help answer all questions on the application accurately and take a medical examination if required.

What type of life insurance policy should you buy for siblings?

You can secure a traditionally underwritten life insurance policy for your sibling if they’re in good health and are not older than 75.

Term life insurance comes in 10, 15, 20, or 30-year increments and is often inexpensive, especially for younger people.

However, at the time of renewal, an underwriter revaluates the rates to reflect changes in age and health.

Whole life insurance is more expensive but doesn’t expire as long as someone pays the premiums. Again, age restrictions apply at the discretion of the provider.

Simplified issue life insurance does not require a medical exam, only a questionnaire.

For senior siblings, burial or final expense insurance assists with funeral costs and end-of-life expenses.

Those who shave pre-existing conditions should consider guaranteed issue life insurance. However, this is the most expensive option.