When you think of life insurance, you might think it’s something only breadwinners need. But what about your spouse? If something happened to them, could you afford to keep up with the bills on your own?
While it’s true that most people who buy life insurance are the primary earners in their household, William Schantz explains that it doesn’t mean that insurance isn’t essential for your better halves. This blog post will examine why life insurance for stay-at-home spouses is just as important as it is for breadwinners.
How Does William Schantz Explain Life Insurance for Your Spouse?
William Schantz dispels a common myth about life insurance: it’s only for people with dependents. While it’s true that life insurance can help support loved ones financially in the event of your death, you can also use it for other purposes. For example, life insurance can pay off debts, like a mortgage or credit card. You can also use it to cover final expenses, like funeral costs.
So, life insurance can still be a valuable asset even if you don’t have any dependents. Now that we’ve established that life insurance is for everyone let’s look at why stay-at-home spouses need it, too.
If you’re the primary breadwinner in your household, your spouse will likely rely on your income to cover the bills and other expenses. If you were to die unexpectedly, your spouse would be in a difficult financial situation.
But life insurance can help to ease the financial burden on your spouse in the event of your death. With an insurance policy in place, they would receive a death benefit that they could use to cover expenses and keep them afloat financially until they can get back on their feet.
In addition to financial protection, life insurance can provide mental relief. Knowing that you have something that can give you the peace and security that comes with knowing that it will take care of your close ones!
How You Get Life Insurance for Your Spouse Per William Schantz?
Many people may not know this, but William Schantz claims that getting life insurance for your spouse is a pretty smart move.
Here’s why: first, if you have young children, having this policy on your spouse can help ensure they’re taken care of fiscally even after you. Second, even if you don’t have children, an insurance policy on your spouse can help ensure that your family is taken care of financially if something happens to them.
Finally, the policy can also help you pay off any debts or final expenses that they may have. So how do you get life insurance for your spouse?
The first step is to contact a life insurance agent and ask about available policies.
Most life insurance policies will require that you and your spouse are both healthy and of good health to qualify, so this is something that you’ll need to take into consideration when shopping for a policy.
Once you’ve found a policy that you’re both comfortable with, the next step is to pay the premiums and wait for the procedure to kick in if something happens to your spouse.
It’s that simple! So if you’re looking for a way to financially protect your family, getting life insurance for your spouse is a smart move.
Wrapping Up
So, there you have it about William Schantz’s view about life insurance for your better halves. If you’re the primary breadwinner in your household, it’s essential to have a life insurance policy in place. But even if you’re a stay-at-home spouse, life insurance can still be a valuable asset. It can provide financial protection and mental peace for you and your better halves.