What Is Spouse Life Insurance at Life

What Is Spouse Life Insurance. Even if your spouse doesn’t work, his or services still contain value that should be insured (childcare, for example). Supplemental child life insurance covers eligible dependents.

Spousal life insurance is a form of life insurance that covers an individual’s partner or spouse. Can i use life insurance to insure alimony and child support payments? If they aren’t covered under any other way of policy, you could ask your employer to provide them with supplemental life insurance coverage.

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Simply put, a life insurance policy is a contract between the insurance company and the owner of the policy. This is useful to increase existing coverage or can be helpful if your spouse doesn't qualify for a traditional policy. This contract outlines rules about naming, changing, or removing beneficiaries. Spouse life insurance or domestic life insurance can refer to life insurance taken out on your significant other.