How Much Life Insurance Does My Spouse Need?

  1. 4330 POINTS
    Jerry Vanderzanden, CLU, ChFC
    Co-Founder, Coastal Financial Partners Group, California
    You need to protect both yourself and your spouse. If you or your spouse should die suddenly, your family income may be reduced dramatically even if your family income remains unchanged. This is because certain expenses may increase significantly e.g. child care costs.

    Each situation is different so meet with a life insurance professional for a comprehensive needs analysis and review and to calculate the amount of coverage needed.
    Answered on April 20, 2013
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  2. 4330 POINTS
    Jerry Vanderzanden, CLU, ChFC
    Co-Founder, Coastal Financial Partners Group, California
    It is wise to consider protecting both yourself and your spouse. If you or your spouse should die suddenly, your family income may be reduced dramatically even if your family income remains unchanged. This is because certain expenses may increase significantly e.g. child care costs.

    Each situation is different so meet with a life insurance professional for a comprehensive needs analysis and review and to calculate the amount of coverage needed.
    Answered on May 17, 2013
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  3. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Your spouse needs the amount of life insurance needed to protect you and your family, just like you do. This may be 10 times their annual salary, or it may be a factor of all your expenses if they would die. If they are a full time homemaker, they can have up to the amount of coverage that you have on yourself.
    Answered on November 17, 2014
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