Insurance Policies

@Kylalynn (1771)
South Africa
December 11, 2006 5:08pm CST
Do you think an Insurance Policy on your spouses life is important. Take into consideration annual increases, cost of premium, payout on the death of spouse.
2 responses
• India
12 Dec 06
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• United States
12 Dec 06
It is very important for my husband and I to both have life insurance policies. We have a son and wouldn't want to be in financial trouble if something happened to one of us. We have college loans, a mortgage, etc plus all the day to day expenses such as daycare, bills, etc. If we lost one income things would be very tough. The last thing I would want to worry about if I just lost my husband was losing our house too.