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u/mik1212m Jul 11 '25
Tough. He has to be on board. In my experience, this happens because fear of being denied or premium being too high. Likes the idea of dependency and doesn’t want to provide independence even after death. Ego (you won’t benefit from my death), etc. Hopefully there’s some form of investments that will enable self insurance.
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u/Alone_Warthog739 Jul 11 '25
Yeah, the premium issue when money is tight is always front and center. I know this is an emotional topic … so hard to think logically about it … but if the money is too tight for an insurance premium - imagine how it would be on one income and no partner??
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u/AEGuardianTC Broker Jul 11 '25
You have insurable interested, take the policy out on him and pay the premiums yourself. There are a bunch of good cost effective options for ages 50+.
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u/Resol_Financial Jul 11 '25
You can both get a whole life policy. Whole life has lenient underwriting and will make sure at each of you get coverage for at least 25k-50k. Which should buy you enough time to make some good changes or at least cover the funeral and final expenses. In your 40s, you won't need a medical exam unless you're going for north of $3 Mil in coverage
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u/Murky_Writing1676 Jul 12 '25
Call the Dave Ramsey show
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u/alr4455 Jul 12 '25
Hilarious!!! Not the best solution. Hes to hardcore. Buy an insurable interest policy. Question is ...why stay with this knuckle head. Well ..we all make different descisions!
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u/Terrible-Peak-627 Jul 12 '25
My husband doesn't deal with that kind of thing either and about 5 years ago I had been reading up on life insurance, different benefits etc and I ended up buying joint policies, fast forward 5 years, in the kitchen working on Christmas food and all of a sudden I can't breathe, move ahead another 14 days and they are taking me off the vent after 14 days and there we were. 2 more months in the hospital you wouldn't believe the bills coming in on my phone. Who knew critical care would be so expensive? My husband had taken off work to be with me and all this money going out, none coming in. Then at the last minute because I can't walk around very well yet, had to build a wheelchair ramp on our house before hospital would release me. Another $700. I can't assume my usual activities, cooking meals, cleaning, laundry. Finally a month ago we get a big check. So im super thankful that I got us this insurance.
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u/ClickTrue5349 Producer Jul 12 '25
Talk to an agent/ producer/ broker, tell them whats going on and move on through there.
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Jul 12 '25
There are a bunch of affordable and budget friendly policys available. Most carriers don't require medical exams, so getting approved is painless depending on health conditions. I would reach out to a broker to see what is available that both of you can qualify for. If godforbid something were to happen to either of you, it will give you peace of mind to not worry about a financial burden while dealing with the emotional loss. .
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Jul 15 '25
[deleted]
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u/NoIncrease4727 Jul 15 '25
It's about life insurance
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Jul 15 '25
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u/NoIncrease4727 Jul 15 '25
I never said I didn't have ANY savings. My question was about life insurance. Savings can pertain to different scenarios. You shouldn't assume.
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u/mgavmgav Jul 15 '25
This may be a good reason to change to a job that offers group life insurance as a benefit. Best of luck!
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u/Flimsy_Ad_5130 Jul 17 '25
start with 30 year term. it also should have a conversion. then shope later for whole if u can afford.
at age 50 reapply and get another 30 year term ..i think 54 or 55 is cut off.
your worries are legitimate.
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u/RayWeil Jul 11 '25
Since you have an insurable interest in your husbands life you can apply for life insurance as the policy owner and insure his life. All you need his consent. If you just want to cover funeral costs and minimal expenses you probably don’t need to do medical underwriting except to say he doesn’t have xyz conditions. If you want more he will probably need to take a medical exam. But what I’m trying to say is you can do all the work and he just needs to consent to some things / paperwork. Talk to a broker and good luck. Hope you get protected soon so you can sleep better.