In order to buy life insurance on another person;s life there must exist insurable interest between you and that person. Insurable interest exists between spouses, parents and children, business partners, and siblings.
Since you are married to your husband, insurable interest does exist between the two of you.
Your husband must consent to having life insurance and must sign the life insurance application.
While you are thinking about yourself, you should think about him as well. What would happen if you die? Would he be financially secure and able to pay the bills?
If both of you are thinking about getting life insurance, you should get one policy instead of two policies. All you have to do is add a spouse rider. If the insurance company doesn't allow it, then find another company that does. By combining coverage, the cost per thousand coverage decreases.
However, you may want your own separate life insurance policies in case your life insurance needs are different.
Here's how you can compare life insurance quotes online and find low cost coverage for you and your husband.
or, you have the option of buying term life insurance no exam required. With this plan you can buy up to $500,000 of term life insurance coverage without any physical exam required, just a few health questions. you can even apply online in minutes and start your life insurance today, if you qualify. You can apply online for life insurance policies for you and your husband.
Insurance without any Medical Exam,
Just a Few Health Questions.
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