Life Insurance News
Spouses should have life insurance too
Spouses should consider life insurance even if the main breadwinner of the family is protected, according to a financial adviser.
While giving advise to expatriates on the importance of life insurance, Shelter Offshore observed that the role played by any spouse is priceless even if they do not bring any income home.
Spouses could be responsible for taking care of the home, the children and many other vital services that would be costly to replace with a professional child carer, housekeeper, cook or secretary.
Life insurance is therefore vital because "if you died your partner could take on your role, but then who would bring in the income?" noted the expatriates' site.
"You are as valuable a person in your family's life as the main breadwinner is – so insure your life accordingly," recommended the organisation.
It is possible for consumers to get cheap life insurance especially at "a fairly young age when you're fit and healthy", advised Shelter Offshore, which added that lifestyle changes, such as cutting down alcohol consumption and unhealthy food, can also result in lower premiums.
Life insurance is especially recommended for people with dependants because it provides a future financial safety net.Do you want Advice on Life Insurance?
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