This is good information. Years ago I insisted that we obtain life insurance for both of us, esp since we couldn't come to an agreement over a specific issue so a will has never been drawn up (we have two young children).
He has frequently threatened to discontinue his own policy because of the expense, and I had to take over payments on my own my policy b/c he didn't feel it was worth the cost, since, as the primary caregiver & SAHM, the event of my sudden demise would not have any financial impact on the family.
One of the clauses I plan to insist on is that he continue keeping his insurance policy, with the children as the beneficiaries. Bottom line: if he becomes disabled or worse (forbid the thought), there will be accessible resources for his children.
Has anyone written this into their own agreements?
Ta,
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