Tribute to Life Insurance Awareness Month: Spouses and survivorship life insurance

By Steve Savant

Ash Brokerage Corporation


Although we’re well into the 21st century, life insurance approaches are still in the last century. Female spousal life insurance is still a “rider” or “unit” purchase, when it should be a stand-alone policy. Why? Because most households financially depend on two bread winners. Two can live cheaper than one, but the survivor can’t live on their own income. Interestingly enough, survivorship life is based on both lives and can deliver the economic leverage an individual life just can’t generate. Steve and consumer reporter Kassie Rohde discuss the equal status on spousal insurance and the power of survivorship.