You have an insurable interest in your spouse, which is required in order to buy life insurance on someone else.
That means, a husband can buy life insurance on his wife, or a wife may buy life insurance on her husband, or a partner may insure the life of his or her partner.
Many people buy life insurance on their wife to make sure the family is protected in case the wife dies unexpectedly.
Life insurance can provide financial security for your family in case you pass away and are no longer there to provide for your family.
Learn more about taking out a life insurance policy on your wife.