Can I Take Out A Life Insurance Policy On My Ex Husband? 
Yes , if there is an insurable interest . In other words , will his/her passing impact your financial situation ? In many divorces we see ex-spouses as the owner of the policy with the other former spouse as the insured . Obviously both the insured an the owner will both be aware of the other 's role in this transaction . In many cases , insurance with this objective will be ordered by the divorce court , or part of the divorce settlement . 