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| Life
insurance for a spouse or children | | Generally,
that should not be done in lieu of buying appropriate
amounts of life insurance on the
family breadwinner(s). It is extremely important that
you protect the earning capacity of the
primary breadwinner, if possible, with the right amount
of life insurance before considering life
insurance on children or spouse. In a dual-income household,
it is important to protect the earning
capacity of both spouses. Life insurance for a non-wage
earning spouse is often recommended for help
in paying for household services lost if that spouse
dies. |
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