Why Get Life Insurance

Have “The Talk” With Your Spouse about Life Insurance

Life insurance can be a touchy subject. Here are a few guidelines to ensure everyone is on the same page about 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

Talking about death isn't easy. It can be especially difficult to talk with your spouse or partner about what would happen if either one of you dies. But it's a necessary conversation to safeguard your family's financial future.

If you're uncomfortable about having a conversation about life insurance with your spouse and unsure about how and when to approach the subject, here are a few ways to help make it easier:

Find the right opportunity.

Certain life events  may make it easier to start  a conversation about life insurance 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 was to suddenly stop. You have insurance that protects assets such as your car or home; life insurance can be part of a sound financial plan that protects your family's income stream. 

Get a few quotes to talk dollars and cents.

If you feel that the cost of life insurance might be a deterrent to a discussion with your spouse, then get some rate estimates before broaching the subject.  

Set aside a block of uninterrupted time.

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 talk with a life insurance agent who can provide you with information on different types of life insurance. Try to anticipate questions or concerns your spouse may have and look for answers before the talk.

Ideally, this conversation with your will help clarify how much life insurance you need and can afford. No one wants to talk about losing a loved one, but like other tough topics you can talk about as a couple, death and life insurance conversations are vital.

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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.

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