Do I have to get my spouse’s permission to get them a life insurance policy?

Losing a loved one can be one of the most difficult challenges in Buford GA. However, ensuring that your family is financially taken care of can go a long way in easing the burden during this difficult time. But what happens when you want a life insurance policy for your spouse?

Do you need their permission to do so? 

The answer is no. Consent from your spouse is not required to take out a life insurance policy from Town & Country Insurance. However, it’s important to note that if you decide to take out a policy, you must have an insurable interest in their life. This means that you will suffer a financial loss in the event of the death of your spouse.

You might consider getting life insurance for your spouse for several reasons. For example, if you depend on two incomes to maintain your household, the death of your spouse could put you in a financial bind. Additionally, it can help cover funeral and burial costs and outstanding debts and provide income for your family while they adjust to life without your spouse’s income.

When determining the amount of coverage needed for a life insurance policy for your spouse, consider factors such as their income and their contribution to household expenses. Also, consider any debts your spouse may have, such as mortgages, loans, or credit card balances.  

Reach Out To Us

Your spouse’s consent is not required to take out a life insurance policy on their life, provided you have an insurable interest. If you are near Buford, GA, contact Town & Country Insurance for answers to all your questions about life insurance.