If you and your spouse have not discussed purchasing a life insurance plan, now is the time. Life can be unpredictable, so it is best to plan ahead for your family’s future. If you are feeling hesitant or nervous, there are strategies you can use to make this conversation feel natural and mutual. Follow these tips for bringing up life insurance with your partner.
Keep your family central
Just like services such as medicare, life insurance aims to take a financial burden off of your family. When discussing this topic with your partner, frame it this way. Highlight how purchasing coverage will benefit your family members, both present and future.
Be prepared with numbers
Even though the circumstances surrounding life insurance are emotional, it is important to include facts and figures in the conversation as well. If your current financial status is your spouse’s concern, remind them that you can purchase life insurance within a range of benefit increments, from as low as $10,000 to millions.
Be patient
You partner may not be on board right away, and that’s okay. Be patient, yet persistent, going forward. Let them take the time they need to think, but don’t let them brush the subject under the rug.
Listen
Even though you are the one leading the conversation, be sure to take the time to listen to your spouse. They will likely have plenty of thoughts and questions. Practice active listening and make them feel understood.
Know your options
As you and your partner age, it’s important to fully understand how medicare and life insurance can benefit you, and what the appropriate package for your needs will be. Set up a meeting with an insurance professional to go over all of your options together.
If you attempt to discuss life insurance with your partner, and they are not receptive at all, consider making an appointment with a professional. This can be either an insurance specialist, a financial planner, or a counselor. During this meeting, the professional can guide the conversation, facilitating a discussion between you and your spouse in a calm, unbiased manner. As you and your partner age and grow together, so will your financial needs. Now is the time to make sure that your future is covered.
