If you are employed and offered the option to purchase voluntary life insurance on your spouse, it may be a good idea, especially if your spouse does not currently have any life insurance.
Voluntary life insurance is a financial protection plan that provides a cash benefit to a beneficiary upon the death of the insured. Voluntary life insurance is an optional benefit offered by employers.
However, if you rely on your spouse income to provide for your family's financial support, you may want to buy an individual life insurance policy on your spouse, outside of your work provided plan.
Voluntary life insurance is a financial protection plan that provides a cash benefit to a beneficiary upon the death of the insured. Voluntary life insurance is an optional benefit offered by employers.
However, if you rely on your spouse income to provide for your family's financial support, you may want to buy an individual life insurance policy on your spouse, outside of your work provided plan.
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