Term Life Insurance

Thursday, December 08, 2016
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FAQ’s: Life Insurance

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Should I purchase life insurance on my spouse?

 

In most cases, yes. At the very least, if your spouse contributes to the family's annual income then adequate protection would be needed to supplement his or her income should he or she die. If your spouse does not have an income but is a homemaker, then life insurance protection may be needed to cover daycare and other costs associated with the loss of a parent. Use our life insurance needs calculator for additional help on estimating the amount of life insurance your spouse needs.