The short answer to this question would be: yes, you can insure your spouse. You cannot, however, do so without his or her knowledge. The reason for this is that you will have to each have a physical meeting with a representative who will likely assess your lifestyles and give you a quick physical exam of some kind. You can do this at your own home or elsewhere depending on the company, but you do have to have some sort of proof of heath before a company will insure you or your spouse.
Why should I make sure that my spouse is insured?
If you are the sole source of income for your family, and your spouse is home during the day taking care of household chores or watching the children, then you may think that losing him or her would not put a financial drain on your family (no matter how terrible it might be), however you could be very wrong. A housekeeper can be quite expensive, and if you do not currently perform the cleaning duties yourself, then you might not realize how much time and effort are involved in the process. If your spouse takes care of your children, then you will have to finance some sort of child care for them during the day while you are at work. Even an unemployed spouse can make a great deal of contributions that are expensive to replace once he or she is gone.
If your spouse is the worker of the family, then the reason for insuring him or her should be quite evident. You will have to deal with raising your kids or finding a job or even both if your spouse should pass away, and you may have additional expenses like a mortgage to take care of as well. It is most unwise not to have a good sized term life insurance policy out at the very least to ensure that the surviving spouse can maintain the lifestyle that you enjoyed together before the tragedy.
What do I need to know?
You will have to have information on your spouse such as social security, birthdates, and medical history, both that of your spouse and of his or her family. The best way to make sure that your information is perfectly correct is to simply go through the paperwork together, of course. If that is not possible, make sure that you know the basics and be able to contact him or her if you have any questions. You may need to take the paperwork home with you or make note of questions to call and have your agent fill the blanks in later otherwise.
Life insurance is an important part of a married couple’s future together, and although we all hope never to have to use it, it is important to be prepared so that you and your spouse both get the coverage that you need and the protection that will keep you comfortable through a very hard time should something happen.
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