My dad is 50 years old and my stepmother is 37, and he wants to purchase
life insurance for her. He will pay for the life insurance policy and he is the beneficiary.
Also my stepmother is a housewife.
He was told that he cannot purchase life insurance for her,
until he has the same amount of life insurance on himself.
Does this make sense?
No, this does not make sense. The amount of life insurance purchased on one person should not affect the amount of life insurance on another person.
It sounds like the life insurance agent may be misinformed about the requirement for purchasing life insurance on your wife. If the husband is the sole breadwinner, then you would likely want more life insurance on him, than on his spouse.
But, requiring the husband to buy more life insurance is not what a life insurance agent or insurance company should be doing, they may suggest this, but I do not believe it can be a requirement, in order for her to get life insurance.
Here's how you can learn more about getting life insurance for a spouse.
