Consumers who make that important financial decision to take out life insurance on their spouses should first consult their partners to avoid making costly mistakes. Lee Bromfield, CEO of FNB Life says insuring the life of your spouse involves more than just getting a policy as every committed relationship and marriage is different and has a unique set of financial needs and obligations. "Before embarking on this exercise, couples should first reach mutual understanding on the … [Read more...] about Consult your spouse to avoid costly mistakes
spouse
Five Reasons why you should insure your spouse
Taking out life or funeral insurance on your spouse is often seen as a sinister move or the 'elephant in the room' among couples. For this and other reasons, spouses tend to neglect this responsibility, exposing their families to unnecessary financial risk. Lee Bromfield, CEO of FNB Life says this is one of society's common puzzles because people do not want to be seen to be planning their partner's death. "Couples need to treat life or funeral insurance as part of their day-to-day … [Read more...] about Five Reasons why you should insure your spouse
