What Is Spouse/Domestic Partner Life Insurance?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Spouse life insurance or domestic life insurance can refer to life insurance taken out on your significant other. As their husband, wife or domestic partner, you might own the policy, but the insurance is on their life. If they would pass away, you would have the death benefit to pay bills, living expenses, final expenses, and possibly even invest some for future income.
    Answered on November 16, 2013
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