How to Purchase Life Insurance on Child's Father

By Mike Broemmel

Wedded parents typically take out life insurance in the event that one parent dies. The objective is to ensure that funds are available to support the family, particularly the children, should the death of a parent cause a decrease in income. If you are a mother, divorced from the father of your children, you should receive child support payments from your ex-husband. A legitimate concern is what happens if your ex dies. The fact is you can purchase life insurance on your ex-spouse for the ultimate benefit of your children.

Shop around and examine different life insurance options that are available on the market today. In most cases, the appropriate type of coverage is term life insurance. Term life insurance pays out a set benefit upon the death of the insured. No cash value accumulates over time. Term life typically is the least expensive life insurance.

Complete an application for life insurance, with your ex-husband named as the insured and your children named as the beneficiaries. A person applying for life insurance needs to demonstrate what is known as an "insurable interest." Your children do have an insurable interest in the life of their father.

Submit the completed application to the insurance company (or agent if you are working through an agent). Many life insurance companies offer online application services--a very convenient way of applying for coverage.

About the Author

Mike Broemmel began writing in 1982. He is an author/lecturer with two novels on the market internationally, "The Shadow Cast" and "The Miller Moth." Broemmel served on the staff of the White House Office of Media Relations. He holds a Bachelor of Arts in journalism and political science from Benedictine College and a Juris Doctorate from Washburn University. He also attended Brunel University, London.

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