Life Insurance for Married Couples?

Do married couples need life insurance?

Yes, if you have someone who relies on you for financial support, you may need life insurance. If you're married, your spouse may rely on your income to help pay the bills.

What type of life insurance is best for married couples?

That depends on what you want your life insurance to accomplish.

Many married couples buy a 20 or 30 year term life insurance policy (on both spouses) so there is protection while you still have a mortgage, the kids are growing up, and to make sure your income is replaced by the life insurance death benefit should one of you pass away.

However, you can each own more than one life insurance policy. So, if you want term life insurance for your short term needs of 30 years or less, and a permanent life insurance policy for your lifetime needs, that may be something to consider.

Here's how to learn more about finding affordable life insurance for married couples