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Ask Dave

Survivor Insurance

Joselyn's husband has a serious condition that makes Dave think they should take a special type of survivor insurance that his work offers.

QUESTION: Joselyn’s husband is 30 years old and has had open heart surgery twice. They have $250,000 in term life insurance. She has heard of survivor insurance, where she will get money over a period of years until she dies or remarries. Does Dave think she should take advantage of this?

ANSWER: This is all you can get, and this is good. Pick this up; it doesn’t hurt anything with what you’re facing here. You can also look to mortgage life insurance, which generally speaking is a ripoff except in your situation. It pays the mortgage off if something happens to him.

Do You Have the Right Coverage? 

Do You Have the Right Coverage? 

Find out with our free 5-Minute Coverage Checkup!
Take the Coverage Checkup

Do You Have the Right Coverage?  

Find out with our free 5-Minute Coverage Checkup!
Take the Coverage Checkup