If you are wondering whether or not you can insure your spouse, the answer is yes. However, you cannot do this without her or his knowledge. You will need to meet with a representative who assesses your lifestyles and gives you a physical exam. Depending on your insurance company, you may be able to do this at home or at some other location. You will need to have some type of proof of your health before an insurance company will insure your spouse or you.
There may be several reasons why you would want to insure your spouse. If you are your family’s only source of income, your spouse may be at home taking care of the children and household. If your spouse were to die, then you need to realize that this could cause a financial hardship on your family. Child care and cleaning services can both be very expensive. So a spouse who stays at home contributes a great deal, and it would be expensive to replace those contributions if she or he were to die unexpectedly.
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If your spouse is the one who is the financial provider, then the reason for insuring her or him is very obvious. Should your spouse die, you would need to find a job and raise your children if your spouse were to die unexpectedly. You also may have a mortgage and other expenses to deal with as well. It would be very unwise to not have a substantial life insurance policy to ensure that the family’s lifestyle could be maintained in the event of the provider’s death.
In order to insure your spouse you will need their social security number, birth date and medical history of not only your spouse but their family as well. To make sure that all of the information is correct you should review the paperwork with your spouse. If for any reason it is not possible to do this, make sure you understand the process and have the opportunity to contact your spouse with any questions you may have. You may need to make a note of any questions you have or take the insurance paperwork home to complete it.
Life insurance is a very critical part of being married and your family’s future. Hopefully you will never need to use your insurance benefit. However, it is very important that both you and your spouse have sufficient coverage to protect your family in the event something unfortunate should ever happen.
