Okay, so you’ve figured out you need term life insurance (congrats, you’ve come to the right place.) But, what about your better half? If one spouse is covered, does the other also need to be?
Often, the answer is yes.
With marriage or a lifelong partnership comes a myriad of shared financial responsibilities and expenses times two – the mortgage or rent, utilities, car payments, and, eventually, the expenses that go hand in hand having children. Not to mention, most people would want to leave their partner in as good if not a better financial situation, if they could. This is where life insurance comes in.