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Life insurance when separated
Nanny22
Posts: 6 Forumite
I have just found out that my husband has cancelled his life insurance. Can anyone tell me if I can take out life insurance on him myself even though we are separated? Thank you.
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Comments
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If he agrees to it and you have an insurable interest still then yes.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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Does he have to agree to it? I thought so long as there was an insurable interest you were fine.
But as Dunston says, yes you can.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Does he have to agree to it? I thought so long as there was an insurable interest you were fine.
He has to agree to it in the sense that the medical questions etc will be about him. He has to choose to give that information. If he refuses then an insurer will not offer life assurance.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
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He has to agree to it in so much that he has to complete the paperwork and sign it.
A husband and wife can take out life insurance on each other without their permission AFAIK; but it may be difficult to answer the health questions without the person's permission.We need the earth for food, water, and shelter.
The earth needs us for nothing.
The earth does not belong to us.
We belong to the Earth0 -
The assured would be the estranged wife. She'd need to sign the documentation as the person effecting and paying for the cover.
The husband would be the life assured and would have to consent to AMRA and to providing answers to the medical questions and signing the medical declaration.
There's a good case for such cover, life and PHI, being part of any separation or divorce agreement IMHO.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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