Life Insurance to Replace a Spouse's Income?

Can you purchase life insurance to replace a spouse's income?

Yes, if you're married you can buy life insurance on your spouse, (with his or her knowledge), because you have an insurable interest in your spouse.

Buying life insurance to replace your spouse's income is one of the most popular reasons people buy life insurance.

You are choosing to provide financial security for your family should your spouse pass away, by insuring his (her) income with life insurance.

That way, your family can maintain their standard of living and have funds available to help pay their living expenses should your spouse die.

Learn more about purchasing life insurance to replace spouse's income.