How to Buy Life Insurance for Your Husband
- 1). Choose an appropriate time to talk seriously with your husband about your concerns regarding financial security should he die prematurely.
- 2). Ask about a group life insurance benefit through your husband's employer or any professional organization to which he might belong.
- 3). Suggest that he obtain as much of that kind of life insurance as possible because the cost is low and he probably won't have to medically qualify.
- 4). Calculate how much (if any) beyond that amount of coverage you feel you would need to continue your current lifestyle.
- 5). Use a conservative return-on-investment figure in your calculations, such as 4 to 6 percent.
- 6). Have your husband apply for a personally owned life insurance policy for a term that will last at least to his retirement age for any amount that you have calculated beyond group coverage.
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