Life insurance is an important buying decision. You want to make sure you understand what you’re getting, or else it may affect your loved ones. This True or False quiz will test your basic life insurance knowledge.
How much life insurance do you need?
Figure out your action plan with our needs calculator
Calculate your needs
Ready to get your life insurance quote?
You’re a few minutes away from great term life insurance
Get your quote
1. True or false? In order for your spouse to get life insurance money if you die, he or she needs to be the owner of your policy. False.
You can be the owner of your own policy. The individual who receives a death benefit if you die is the beneficiary. You can be both the owner and the insured and your spouse would be listed as beneficiary.
Learn more about policy ownership in this blog: