Talking About Life Insurance With Your Spouse

Buying life insurance is one of the most important things you can do to protect your family’s future. But even insurance agents admit—it’s not the most enjoyable topic to talk about. Despite that, however, it is essential to make the time, have the talk, and take the action needed to get life insurance. Here are a few ways to make discussing it with your spouse easier.

First, calculate your assets, income, and expenses. Have an idea of how much life insurance coverage your family needs. At the same time, calculate how much coverage your family can afford. Especially when it comes to term life insurance, don’t try to skimp—it is usually very affordable, one of the most cost-effective types of insurance available.

Second, in calculating your expenses, determine how much more you can add, the amount you’ll need to pay for your term life insurance policy. In most cases, the cost of your coverage per day will be less than the cost of a cappuccino at the corner coffee shop.

Seriously. You may be able to get term life insurance for less than a couple bucks a day! And get this—you don’t have to answer a lot of questions…don’t have to wait for weeks or even days…don’t have to undergo a physical examination. In most cases, you can compare life insurance coverage online and get a free, no-obligation quote immediately. With no medical exam! Then, if the price fits your budget, in most cases you can pay for it online, download and print your policy…and, in a matter of minutes, you have paid protection for your family and the peace of mind that comes with it—peace of mind for you, for your spouse, and for your children.

So getting affordable, high-quality term life insurance is fast, easy, and may not even require a medical exam. Make plans with your spouse to talk about it—tonight, if possible, or tomorrow. Don’t put it off—this is important! Set aside a time and stick with it. Just say: “Tonight at 7, let’s sit down at the computer, check out our options, and get coverage.”

When you talk about life insurance with your spouse, focus on the financial aspects—how much coverage you need, how much you can afford. You both know the reason for the discussion is death; there’s no need to focus on that frequently uncomfortable subject. This isn’t the time to talk about what kind of funeral service you want or religious beliefs or other spiritual matters. The whole purpose of term life insurance is income replacement. Keep your discussion “on topic”: assets, expenses, income.

Put simply, when you go, your income goes. Oh sure, there’s your spouse’s social security survivor benefit. (To determine the amount, request an estimate from the U.S. Social Security Administration; they base it on your 35 most productive income-earning years.) In some cases, your spouse may already have an income equal to or greater than your own. In other cases, your spouse may have no current income (after suspending a career to raise children, for example) and require retraining in order to re-enter the job market. Account for these costs when you discuss and estimate future expenses that you want your insurance benefit to cover.

Life insurance may not be as fun or as comfortable as other topics that you discuss with your spouse. But it’s one of the most important things you’ll ever do. Term life insurance doesn’t take long. It’s not complicated. There is no medical examination required. You answer a few simple questions, and in most cases, you can get a policy in a matter of minutes.

So have the discussion—tonight, if possible; tomorrow at the latest. And get life insurance without a medical examination and the financial protection it provides to your family. Visit Or call 1-800-939-0710.