You’ve heard us speak about the qualifications for life insurance several times. Both medical underwriting and financial underwriting. And you may be wondering how much insurance could I get on my nonworking spouse, whether they’re a stay at home parent or just a homemaker?

Traditional financial underwriting for life insurance looks at the insureds income to determine how much earning potential they have over their life. So what happens when they’re not earning any income? How much insurance could they qualify then?

Keep in mind that life insurance company underwriters are keenly aware that although a spouse may not be working and earning an income, they are still working and they are still contributing to the overall well-being of the household. They have formulas that will help you to determine how much insurance you can get for your nonworking spouse.

The general rule is there can’t be more death benefit on the nonworking spouse than the working spouse. Now, keep in mind that life insurance company underwriters are aware that sometimes the working spouse can’t get life insurance because of a health issue.

So in that case, let’s say they only have 100,000 or a very low amount of coverage. How do they determine how much insurance the nonworking spouse can get?

Well, it’s real simple. They have formulas. And again, the formulas vary from company to company. But keep in mind, you can get as much insurance as you both qualify for across the board.

Whether you’re insuring your non income earning spouse for a cash value policy so you could utilize that policy. Or for the death benefit to cover the expenses that you’re going to incur if they were to die prematurely. Check out our website at to schedule your free strategy session today. We’d be happy to guide you through this process.

And remember, it’s not how much money you make, it’s how much money you keep that really matters.