Why Get Life Insurance

Have “The Talk” With Your Spouse about Life Insurance

Life insurance can be a touchy subject to broach. Luckily, there are a few simple rules you can follow to ensure everyone is on the same page and getting the right amount of coverage for your family. 

Ensuring Your Family's Welfare Is Too Important to Avoid

Life Insurance Advice - Discussing Life Insurance with Your Spouse

There are some things in life that are difficult to discuss with your spouse or significant other. And while we can't prove it, we're pretty sure that the subject of death, dying, and life insurance comes close to the top of the list.

For many people, the thought of talking about life insurance with someone you love can be met with as much dread as a root canal. But much like other big decisions that you make together as a couple, talking about life insurance is something that you need to make the time for.

If you're uncomfortable about having a serious conversation about life insurance with your spouse and unsure about how and when to approach the subject, we hope the following suggestions will help:

Find the right opportunity.

Although we feel that there is no wrong time to discuss life insurance, there are certain life events that may make it easier to start up a conversation with your spouse. Examples of these events include the birth or adoption of a child, buying a new home, and starting a business. Why? Because all of those things signal a new financial need and added responsibility.

Approach it as a family financial plan.

Instead of having a talk about death and dying, frame the conversation around protecting your family financially if one of your paychecks were to suddenly stop. Much like insurance that protects assets such as your car or home, life insurance can be part of a sound financial plan that protects your income.

Get a few quotes to talk dollars and cents.

A recent study found that 65 percent of respondents said that they didn't buy life insurance because they thought it was too expensive.1 If you feel that the cost of life insurance will trigger an immediate roadblock to opening up a discussion with your spouse, then do some rate shopping before broaching the subject.

Set aside a block of uninterrupted time.

Most of us face a daily race with the clock, making it difficult to find the time to fit one more thing into our busy lives. To have a quality conversation about life insurance with your spouse, decide on a time when you both can have an uninterrupted conversation and not feel rushed. Pick a day and time and put it on the calendar!

Do your homework.

Do some online research or speak to a life insurance agent who can provide you with information on different types of life insurance. This way, you'll be better prepared to answer questions or alleviate any concerns that your spouse may have.

Talking candidly with your spouse about ensuring your family is taken care of financially will hopefully result in getting the life insurance protection you need, while bringing you both closer together.


1. http://www.limra.com/uploadedFiles/limra.com/LIMRA_Root/Posts/PR/_Media/PDFs/2015-LIAM-Fact-Sheet.pdf

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All Learning Center articles are general summaries that can be used when considering your financial future at various life stages. The information presented is for educational purposes and is meant to supplement other information specific to your situation. It is not intended as investment advice and does not necessarily represent the opinion of Protective Life or its subsidiaries.

Learning Center articles may describe services and financial products not offered by Protective Life or its subsidiaries. Descriptions of financial products contained in Learning Center articles are not intended to represent those offered by Protective Life or its subsidiaries.

Neither Protective Life nor its representatives offer legal or tax advice. We encourage you to consult with your financial adviser and legal or tax adviser regarding your individual situations before making investment, social security, retirement planning, and tax‐related decisions. For information about Protective Life and its products and services, visit www.protective.com.

Companies and organizations linked from Learning Center articles have no affiliation with Protective Life or its subsidiaries.

Talk About Life Insurance

By following the 5 thoughtful pieces of advice listed in this article, discussing life insurance with a spouse or significant other doesn't have to be a difficult task. In life, there are always topics that are tough to broach. But Protective is here to help provide advice that could make it easier. Talking about life insurance is one of these topics. For more information, visit the Protective Life Learning Center.

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