Can I Buy Life Insurance on My Girlfriend?

by Alibaster Smith ; Updated July 27, 2017

All insurance companies require that you have an insurable interest in the individual that you are insuring. For this reason, buying insurance on your girlfriend is generally prohibited, but may be acceptable in certain circumstances.


Life insurance companies will not allow you to buy life insurance on an individual in cases where you have no personal interest in that individual's well-being. The person's death must represent a clear financial loss for you.

Time Frame

You must be able to show the life insurance company that you and your girlfriend have been together for a significant amount of time. Several years may be required before the insurance company accepts the idea that you have an insurable interest in your girlfriend. The insurance company may also ask extensive questions about whether you intend to get married or why you wish to purchase life insurance on your girlfriend.


You may want to get married if you are serious about your girlfriend. You must also consider any potential drawbacks to purchasing a life insurance policy on your girlfriend. If you buy a life insurance policy on her and then break up, it won't make any sense for you to have a policy on your girlfriend's life.


  • "Life & Health Insurance, License Exam Manual, 6th Edition"; Dearborn Financial; 2004
  • "Practicing Financial Planning for Professionals (Practitioners' Edition), 10th Edition"; Sid Mittra, Anandi P. Sahu, Robert A Crane; 2007

About the Author

I am a Registered Financial Consultant with 6 years experience in the financial services industry. I am trained in the financial planning process, with an emphasis in life insurance and annuity contracts. I have written for Demand Studios since 2009.