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Life’s Financial Journeys Heading Off to College |
Life insurance might not be necessary if each of you are financially independent and do not depend on the income or assets of the other person. If there are children, you most likely will need insurance to cover additional costs resulting from the loss of income for the deceased partner. If your lifestyle depends upon the incomes from both partners, you might need insurance to cover the loss of income from one partner dying. The following resources may assist you in determining whether life insurance is needed at all: |
Blending Two Lives Tasks 1. Creating a joint spending plan |
