That means that every secondary breadwinner should have life insurance. Why? Because if they were to pass unexpectedly, what would it cost a household to:
- Replace the income of the secondary income earner?
- Cover the long-term expense of raising a child, which can include paying for the child’s education?
- Pay for home expenses?
- Help pay off a mortgage?
Money can’t replace a loved one and all that they do, but it can make it easier to move on after an unexpected loss.