Talking about life insurance does not have to be unhealthy or depressing. The discussion can be smooth if you approach the subject correctly. An estimated 30 percent of families in the United States do not have life insurance, and if your family is part of the 30 percent, it's time to have an honest discussion. We have come up with some tips on how to address the topic with a spouse or loved one.
Plan the time.
Instead of spreading the topic to your spouse or partner, arrange a suitable time (without children nearby) for the discussion. Set aside enough time. Approach the issue as part of an overall financial family plan rather than just buying life insurance.
Your spouse or partner may have a different perspective. Listen carefully to all problems without brushing them off. In many cases, the worries are about the cost.
Do your research.
Economic discussions can be among the most difficult for married people. If you have done basic research and know the cost of a futures policy, your spouse or partner may now be willing to invest in life insurance.
Be specific. payments and income. List everything, including student loans, car payments, mortgages, credit card debt, health insurance and other obligations. This will give you some idea of how much life insurance you need if one of you dies unexpectedly.
Do it with love.
If your spouse realizes that you want to talk about life insurance to protect your children and the family as a whole, it is more likely to be appreciated.
What should be covered in the discussion on life insurance?
When discussing life insurance with your spouse or partner, you need to cover several issues. These include:
How to Talk About Life Insurance
Watching the death of a spouse is not someone's favorite subject. Discussing death is actually one of the most unwelcome topics for anyone. However, you owe it to your family to make sure they do not have financial problems if a sudden death occurs. While we all hope to live a long and happy life, most of us have experienced the loss of a friend or family member and are aware that life can take some unexpected turns.
Life insurance is an important aspect to ensure that your loved ones are protected, even in the worst case. Rather than waiting and putting your loved ones in danger, take the time to talk about life insurance as early as possible. Eventually, your spouse or partner will realize that you want life insurance because you care. For more information on life insurance to start a discussion with your spouse or partner, please contact one of our local agents, who will be happy to provide you with the options available.