My dad is 58 spinal cord injury. Says he has a small life insurance policy $5000. The other one he did have he took loan out against it then didn't pay it back and they dropped him. Anyhow he smokes and is disabled. He has this bad thing on his nose. He told me you better get life insurance on me before they tell me its cancer and its in my medical record. He got life insurance on his mom before she passed of stage 4 ovarian cancer last year. He used some for her funeral and the rest to pay things. Anyhow i was wondering if its just wrong to take life insurance out on my dad - or smart? thoughts?