Many married couples buy life insurance on their spouse as a way of replacing the spouse’s income should he or she die.
Buying life insurance to replace a spouse's income is one of the most common reasons people choose to buy life insurance.
If your spouse were to pass away, how would your family be able to pay their monthly bills, remain living in their home, afford to pay for food, clothing, insurance, medical bills, daycare, and the future cost of a college education for you children?
If your spouse contributes to your family’s income, then you definitely need life insurance to help protect the financial security provided by your spouse’s income.
Learn more about buying life insurance on your spouse.