What about purchasing life insurance on a spouse and on children?

In certain circumstances, it may be advisable to purchase life insurance on children; generally,
however, such purchases should not be made in lieu of purchasing appropriate amount of life insurance
on the family breadwinner(s). In a dual-earning household, it is important to protect the
income earning capacity of both spouses. Life insurance on a non-wage earning spouse is often
recommended for the purpose of paying for household services lost at this individual’s death.

back to list