5 Great Reasons to Take Out a Life Insurance Policy if You Live With Your Partner


If you are living with your partner and have yet to make it official by marriage, then it’s about time you considered whether you need a life insurance policy or not. Now, there are so many couples who have made it their decision to grow old together without the need to make it official.

If this is the case with you, having an instrument that could help protect you and your partner’s interests will be key to ensuring your happiness regardless of your marital status. You’ll have the ultimate peace of mind knowing that your loved one/s will be cared for even after your passing. 

Having said that, below are five convincing reasons why you should consider life insurance when living with your partner.

1. Liability Coverage

Couples get into arguments and even get into physical altercations on a regular basis. Insurance can be used to cover future expenses such as health and legal proceedings should anything happen to you or your partner. 

Can You Get Life Insurance When Unmarried? 

This is an age-old question that many unmarried partners living together may ask themselves – can unmarried couples obtain life insurance? Well, the direct answer is Yes, they can, and several situations can prompt for this. 

Some common specific circumstances under which partners living together can seek life insurance include:

  • If you are in a domestic relationship
  • If you have been cohabiting
  • If there are children involved
  • If you have a business or jointly owned assets

Choosing to get married or forgo marriage is every couple’s decision. The same applies if they choose to take up life insurance coverage. 

The above pointers should convince you of the importance of life insurance coverage in case you and your partner live together in what seems to be a long-term relationship. If you choose to take out a life policy in this case, just make sure to approach the right insurance company and pick a coverage that will best suit your needs.

2. To Protect Your Partner From the Unexpected

If you have been living with your partner for a long time, life insurance is just within reach. All you need is your partner’s consent. Having your partner’s best interests at heart means thinking of their future. 

Death is inevitable and you need to ensure that they are taken care of after your passing. Life insurance will help to shield your partner from future financial hardships they (and the kids) might experience in the unfortunate event that you pass away. 

3. Life Insurance Can Replace Lost Income

As a caring partner, you want to ensure that your significant other will be taken care of when you are gone. Life insurance coverage can be used as a means to add financial security, especially if one of you works a high-risk job such as firefighting, mining, or in the aviation industry. 

This can always be arranged with the insurance company. It can also be used to pay off some debts such that if one of the partners is gone, the surviving spouse won’t have to carry the financial burden or obligations totally by themselves. 

4. Paying Future Education Expenses

If you have kids, then it’s of the utmost importance that you think of their future education needs. You want them to lead a healthy lifestyle even after you’re gone. Depending on the life insurance policy you and your partner decide to take, it can help pay for their education even in your absence. Insurance coverage can also help to give older children a start in life.

5. Cover Funeral Expenses

Funerals can be costly and in most cases, they end up leaving the bereaved family with huge financial dents. Luckily, a good life insurance policy can help cover the funeral costs, burial, and any other costs associated with your demise. These payments will be made soon after your demise.

Written by Megan Taylor
Megan is a beauty expert who is passionate about all things makeup and glam! Her love for makeup has brought her to become a beauty pro at Glamour Garden Cosmetics.