Married couples should integrate their life insurance plans and combine their life insurance needs in one policy on the life of one of the spouses.

Question

Quizplus · Accepted Answer

There is no one-size-fits-all answer to this question as it depends on the individual needs and goals of the married couple. In some cases, it may make sense for a couple to have separate life insurance policies that each covers their own specific needs. In other cases, combining policies may be more cost-effective and efficient. It is important for married couples to discuss their life insurance options with a knowledgeable financial advisor to determine the best course of action for their unique situation.

Married Couples Should Integrate Their Life Insurance Plans and Combine