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What
is Spouse Life Insurance?
In determining whether or not a spouse needs life insurance or how much
he or she may need, you should consider the following:
In a dual income household, it is important to protect the earning capacity
of both spouses. The loss of one income earner could be a severe financial
hardship on the family.
If a spouse is a non-wage earner such as a stay-at-home parent, life insurance
should still be considered. If the non-earner dies, new expenses such as
child care and house-cleaning will be incurred.
Burial expenses and final medical expenses are further considerations.
Spousal protection can be accomplished with term
life insurance or permanent
life insurance.
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