Spouse Life InsuranceSpouse life insurance provides life insurance protection for you and your family when they need it most. It provides a specific amount of life insurance coverage on your spouse. What would happen to your family if your spouse died prematurely? We must first consider a few things to determine whether or not a spouse should have life insurance, and how much he or she needs. In a home where both spouses work and contribute income to the family, it’s important to protect the earning power of both spouses. You must consider whether the loss of income from one of the spouses would create a financial hardship on the family. Do you rely on both incomes to meet your monthly financial expenses? Also, if your spouse does not earn an income, such as a stay-at-home mom or dad, life insurance should be considered. If the stay-at-home parent dies, new expenses may arise, including the cost of child care and house-cleaning. In addition, burial expenses and final medical expenses should also be considered. The most affordable way to provide spouse life insurance protection is through a term life insurance policy. Term life insurance provides you and your family with the maximum amount of protection at the most affordable rates. Shop and Compare multiple Life Insurance quotes for free. Does your husband have life insurance yet? If not, learn about what you should consider when shopping for life insurance quotes for husband. To learn more, read this article explaining life insurance for married couples. If you have children, you may want to learn about life insurance policy on child plans that are available online with no medical exam required. Recommended - Net Coverage |