Is Life Insurance Considered Community Property In Texas? 
Under normal or ordinary circumstances , life insurance is community property in Texas - especially the cash value of any permanent or semi-permanent policy . Any reputable life insurance company will require a multiple ownership document to be signed by the two spouses if the owner/payor/insured is married at the time of the purchase . I have dealt with this several times where the companies I place business with require this documentation so they are not caught in a divorce proceeding with he said , she said . The document covers their liability for issuing the policy . 