Broaden Your Family’s Life Insurance Protection

In today’s fast-paced world, many families find themselves caught up in a whirlwind of activity, juggling work, family obligations, and recreational pursuits. With so much going on, it’s easy to take the basics for granted; the home you live in, the food on your table, the clothes in your closet, and the vacations with family and friends.

However, life does not always turn out as planned. The untimely death of a spouse could dramatically alter this picture, both now and in the future. For many families, two incomes are needed to maintain their desired standard of living. Even if only one spouse brings in cash income, the non-earning spouse may provide critical “non-cash” services, such as the many tasks involved in maintaining a home. If your family’s income suddenly stopped or was reduced, the impact on your lifestyle could be significant.

Having life insurance coverage on your spouse can play a valuable role in helping to protect your lifestyle. The proper coverage can help replace your spouse’s income or provide supplemental funds so your home can be maintained and continue to function as normally as possible. If both you and your spouse work, consider the value of your spouse’s lost income. Or, if your spouse is a non-cash earner, think about how much it would cost to fulfill all the tasks he or she performs at no charge.

Be Prepared. . .

The unexpected death of your spouse could easily unravel the lifestyle you shared together. Funds that may have been set aside for a child’s wedding—or your retirement—may need to be reallocated to cover basic expenses. However, such situations may be addressed ahead of time with the appropriate insurance coverage.

While it may be human nature to take things for granted, life can sometimes take an unexpected turn. Life insurance coverage on your spouse can help you be better equipped to maintain your lifestyle in the event of your spouse’s death.

 

 

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