The need for term life coverage applies equally to income-earning spouses, and there are strong arguments for acquiring life insurance for a partner or spouse who is not drawing an income, as well.

For instance, losing a stay-at-home spouse can lead to dramatically increased child-care costs, time away from work for the surviving spouse, final expenses, the settling of outstanding debts, and these are just a few of the financial aspects of such a serious loss as the death of ...

The amount of life insurance that a married couple should own will depend on several factors.

Your individual incomes, your total amount of debt, whether you have children and how many, the things you want to use your life insurance to accomplish, and your budget will all enter in your calculations on how much life insurance to purchase.

You should a life insurance needs calculator to help you determine your actual life insurance needs, and then help you find the best pricin...