Can I Get Life Insurance On My Husband?

Yes, in most cases, you can buy a life insurance policy for your husband. The insurance company will require that you have insurable interest - in simple terms, this just means that you will be financially affected if your husband passes away.

Your husband will need to sign the application, so, you'll need his permission. You can't move forward with the policy underwriting without his signature.

Get a quote on these life insurance amounts:

Why It May Be a Good Idea to Buy Life Insurance for Your Husband

If you and your spouse are both employed, having a dual income is very beneficial for managing financial obligations such as mortgage payments, raising children, higher education costs, and paying down debt.

But, if your husband is the sole breadwinner, it's time to think about getting life insurance coverage on him. Just imagine how his passing and the loss of his income would completely change your life.

Possibly, you could no longer send your children to college, you may not be able to pay the mortgage, you may be forced back to work, etc.

The reasons are plenty why the loss of his salary would affect you adversely. Don't waith any longer, start your life insurance search today.

Get a Life Insurance Quote For Your Husband Today!

How Much Life Insurance Should You Get?

This is not easy to answer without knowing your particular situation - do you also have a job?, what are your debts?, do you have a mortgage?, do you have savings?, do you have assets like stocks and bonds?, etc.

Most financial planners say a good rule of thumb is to get 10 times your present salary in life insurance coverage. So, if your husband makes $60,000 per year, you should get a $500,000 to $600,000 policy.

How Much Will It Cost To Insure Your Husband?

How Much Will It Cost To Insure Your Husband?

It mostly depends on your husband's age and health condition. But, there are a few other factors that life insurance companies take into account to come up with life insurance premiums:

  • Does he drink excessively?
  • Does he smoke or use tobacco products?
  • Is he obese or overweight?
  • Does he partake in any risky activities?

Here are some example costs per month for a 20-year life insurance policy for a husband in his fifties:

AGE $100,000 $200,000 $300,000 $500,000 $1,000,000
50 year old male $27.29 $46.46 $54.23 $89.45 $170.78
51 year old man $28.90 $49.82 $58.37 $97.27 $186.10
52 year old male $31.48 $54.33 $64.45 $106.55 $204.46
53 year old man $32.20 $59.65 $67.34 $116.56 $226.34
54 year old male $35.75 $61.64 $71.70 $118.28 $231.85
55 year old man $37.25 $67.42 $78.55 $131.24 $256.82
56 year old male $41.84 $72.49 $86.73 $142.73 $283.25
57 year old man $45.95 $81.37 $94.25 $156.59 $309.85
58 year old male $51.75 $97.83 $120.35 $196.85 $387.20
59 year old man $57.55 $108.75 $137.42 $223.22 $434.35
These example premiums were calculated on 05/22/2024 - your husban'd rates will most likely be different.