What about the Survivor

If you are a two income family, or more importantly, a one income family, what happens to your household income when you are gone?  The obvious answer is it decreases, or if you don’t bring in any money, then it remains level.  Either way, the expenses don’t change much, however the responsibilities of the survivor do increase without a partner to share daily tasks.  Therefore, even when income remains level, the survivor may find maintaining a household a difficult task.

Some spouses may have to return to school to obtain training.  Others may luck out and find a job right away, but even then, it often takes two to three years for the spouse to get the household income back to where it was prior to the loss.  These are important factors to consider when thinking about your financial security.  Investments are a wonderful thing, but a strong insurance policy can really make a big difference.  It is all about protecting your standards of living and your family’s financial well-being.