Can I take out a life insurance policy on my spouse?

Why you can trust Insure.com

Quality Verified

At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry.

Yes, you can take out a policy on a spouse because you have insurable interest on their life. However, you’ll need to get your spouse’s permission in order to take out the policy. They’ll also have to sign the final policy documents.

If you sign the policy documents for your spouse, this is considered life insurance fraud and can have serious consequences. Life insurance fraud can be considered a criminal offense.

How to take out a life insurance policy on your spouse

To take out a policy on a spouse, you’ll go through the same steps as you would if you were taking out the policy on yourself. You’ll want to compare life insurance quotes from at least three insurers to see which insurer offers the most reasonable price based on your spouse’s unique profile.

How taking out a life insurance policy on your spouse works

You can be the policy owner — meaning you’re responsible for the payments and can make changes to the policy — and you can list yourself as the beneficiary. A life insurance agent can help walk you through the process.

Here’s more about life insurance policy roles.

Zip Code

Please enter valid zip

Age

Coverage Amount

Coverage Type

Gender

Tobacco Use

Yes No

Compare Quotes

Penny Gusner

Contributor

Penny is an expert on insurance procedures, rates, policies and claims. She has extensive knowledge of all major insurance lines -- auto, homeowners, life and health insurance. She has been answering consumers’ questions as an analyst for more than 15 years and has been featured in numerous major media outlets, including the Washington Post and Kiplinger’s.