Can I Take Out Life Insurance On My Spouse? 
You can own a life insurance policy on anyone , including your spouse . In most cases your spouse must agree to the insurance , make application and qualify medically . Some carriers issue policies that can be applied for without the insureds knowledge or consent . You can be the beneficiary of your spouse 's life insurance as long as there is an insurable interest -LRB- which is almost always the case -RRB- . 