Can I take out life insurance on my husband or wife?

Considering taking out Life Insurance on your spouse

Answer

Married couples (including civil partnerships) can insure each other using a life insurance policy.

However, our LV= Life Insurance plan can only be set up on a single life (yourself) or joint life plan. Joint life means that if either you or your spouse/civil partner died, the policy could be claimed and the money would go to the surviving spouse.

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