Skip to Content
Latino woman looking out window sadly, symbolizing dealing with divorce and how it affects your finances.
Divorce and Finances

Can I get life insurance on my ex-husband or wife?

Even if you’re not married, you or your child may depend on a former spouse financially. In this case, it’s important to understand insurable interest.

Understanding the role of insurable interest in your finances

If you're wondering if you can purchase a life insurance policy on your ex-spouse, or your child's mother or father, the short answer is yes. As long as you can demonstrate an “insurable interest” on an individual, you can generally purchase a life insurance policy on their life.

Having an insurable interest means you stand to suffer a serious financial loss in the event of someone's death. It can often be demonstrated in the case of an ex-spouse or co-parent because the death of such an individual could result in the loss of financial support for the surviving children or former spouse.

However, purchasing a policy on your ex-spouse or partner requires their knowledge and cooperation. It's also when things can get complicated. If your relationship with your ex is less than ideal, or that person is simply not invested in your welfare or that of their child, it might be difficult to convince them to meet the terms necessary for life insurance coverage.

The subject of who should pay for the premiums on a life insurance policy can also be problematic. If your ex doesn't feel that he or she should be obligated to make the premium payments by themselves, they may suggest that you split the cost of the premiums down the middle. If you're worried that co-managing the policy might involve too much haggling, or become too stressful, you might consider making premium payments on your own.

Sometimes a divorce settlement may require the non-custodial parent to take out a life insurance policy on their own life for the benefit of the children. And if they fail to purchase or maintain a policy, they can be held in violation of the divorce decree. If you are in the middle of divorce proceedings, be sure to discuss adding such a stipulation to your divorce settlement with your divorce attorney, if necessary. Getting this matter settled in divorce court can be more effective than pursuing the matter on your own and after the fact.

Get the support you need

Navigating a divided family can be both emotionally and financially difficult. If you feel that you or your children are in need of monetary support, then discuss the best way for you to get the help you need with your attorney. That help and financial security may come in the form of a life insurance policy.

Explore the differences between alimony and child support, or read more tips for sorting out life insurance after divorce.




Arrows linking indicating relationship

Related Articles

Woman looking very depressed lying in bed and staring into space.

Life insurance after divorce

Learn more
Latino woman staring out the window, looking very sad.

Financial focus during divorce

Learn more
Two friends embracing after one has experienced a divorce.

Steps to assist in managing finances after your divorce

Learn more
All Learning Center articles are general summaries that can be used when considering your financial future at various life stages. The information presented is for educational purposes and is meant to supplement other information specific to your situation. It is not intended as investment advice and does not necessarily represent the opinion of Protective or its subsidiaries.

Learning Center articles may describe services and financial products not offered by Protective or its subsidiaries. Descriptions of financial products contained in Learning Center articles are not intended to represent those offered by Protective or its subsidiaries.

Neither Protective nor its representatives offer legal or tax advice. We encourage you to consult with your financial adviser and legal or tax adviser regarding your individual situations before making investment, social security, retirement planning, and tax-related decisions. For information about Protective and its products and services, visit

Companies and organizations linked from Learning Center articles have no affiliation with Protective or its subsidiaries.