Life Insurance on Your Wife

Gary North - October 16, 2021

Your wife should own a term life insurance policy on you. She should be both the owner of the policy and the beneficiary.

You should own a policy on her.

If she died, you would be in a bind. Her unpaid labor would no longer be unpaid.

If you have day care age children at home, you would be in a real bind. Day care costs money.

The minimum to buy is $100,000. But term policies are cheap. Buy $250,000.

Buy it online. Select Quote is a reliable site.

https://www.garynorth.com/snip/1514.htm

After you do this, gently suggest to your son or son-in-law that he do this.