HUSBAND - LIFE INSURANCE QUOTES
If you are married Husband or stay at home Househusband - you may probably have other things on your mind than thinking about getting a Life Insurance policy. However, having loving responsibilities means you should still consider looking at the peace of mind Life Insurance or Critical Illness will do to help protect each other, a family if you have one or mortgage.
Can I buy a Life Insurance Policy for my Husband ?
Yes - UK Insurance rules state there must be an insurable interest - so between a husband & wife it is Ok to arrange a life insurance policy. Your husband can always arrange a single policy for themselves. Also both parties must consent to this arrangement.
Can I get a Life Insurance on my Husband without them knowing ?
No - both parties must consent to this arrangement ie; you cannot just apply on their behalf without their knowledge.
Can I put my Husband on my current Life Insurance Policy ?
As above - UK Insurance rules state there must be an insurable interest between yourselves, so as a husband being married - you can add them to your life insurance policy
Can a Husband be a Life Insurance Beneficiary ?
Yes they can - if you wish to. Either your hsuband can own your life insurance plan directly; classed as life of another [ see comments above re Insurable interest ]. Note if they died first though, this can cause issues with the insurer having to undue this arrangement & may require additional legal costs by you seeking specialist advice. The alternative is to put the policy into trust where the husband is either one of or the sole beneficiary.
Can my Husband be a Trustee on my Life Insurance Policy ?
Yes they can - if you wish to. If you put the policy into trust where for either your husband or as the sole beneficiary. Either your husband can be sole Trustee or have 2 Trustees ideally if they sadly died first. Note again if this happens, this can cause issues with the insurer having to undue this arrangement & may require additional legal costs by you seeking specialist advice.
Being a Husband means you may not appreciate the various challenges that may come looking after loved ones if they are critically ill or sadly die; Let trying to get life insurance hopefully not be another great challenge. Either way please approach us for friendly Professional Help.
LIFE INSURANCE POLICY FOR HUSBANDS - PRODUCTS REVIEW
MORTGAGE PROTECTION - for Husbands
Designed to cover a repayment mortgage on death or critical illness as it decreases during the plan term.
LIFE INSURANCE - for Husbands
Offering a family protection lump sum if the policy holder dies or is diagnosed with a terminal illness during the term or whole lifecover. Policies can be made joint or seperate.
FAMILY INCOME BENEFIT INSURANCE - for Husbands
CRITICAL ILLNESS INSURANCE - for Husbands
Helps ease financial worries if you are diagnosed with a critical illness as specified by the Insurance Company.
CHILDREN'S CRITICAL ILLNESS COVER
Helps ease financial worries as a Husband & Dad if your child is diagnosed with a critical illness as specified by the Insurance Company.
INCOME PROTECTION - for Husbands
Providing security by way of an income if you are off sick or have an accident.