The primary purpose of life insurance is the replacement of lost income. So, if your spouse is a income producing member of a family, the answer is obviously yes and you should by spouse life insurance. But even if your spouse especially woman spouse does not have a career outside the home, there are several reasons to buy life insurance for women or non-working spouse. This non-working person may not be bringing in income, but they are providing valuable services which allow you, the wage-earner, to bring in income. Without non–working spouse, you would have to pay for these services. Once again, it is most important to cover the breadwinner(s), but it is wise to cover a non-working spouse as well. Also, life insurance on your spouse will help to create a legacy for the next generation. If you are in the estate tax bracket, Spouse life insurance will help to provide liquidity to pay estate tax liabilities. A whole life insurance policy on spouse can be a very powerful retirement savings plan or an ideal college savings.

Please call one of our life insurance specialists at (866) 972-3262 to determine the right kind of spouse life insurance or please complete life insurance quote request form now.