My wife is hot, why do I need life insurance?

 

I don’t need Life Insurance, my wife is hot, she’ll find somebody…

Hands down, my favorite argument against Life Insurance.  I mean, congrats to you, but have we thought this logic through?  What you’re telling me is your wife has someone, today, just waiting in the wings to sweep her off her feet and solve all of her current and future financial problems if you get hit by a truck on the way home.  If that’s the case you don’t need life insurance, you need Divorce Lawyers for Men, you’ve got way bigger issues than insurance can solve.

I’m gonna go out on a limb and say this guy is not holding his breath for the day you die and he can make his move.  There’s going to be a period of time where you’re gone, and along with the emotional loss there’s the financial loss as a result of you no longer bringing home a paycheck.  That’s a real value, like it or not, we all bring to our families – our ability to bring home the bacon.  Because the mortgage, car payments, kids, bills, bills, bills aren’t going to pause while your family grieves.  Compounding the emotional devastation of dying too young with financial ruin is just not a good plan, particularly when insuring against it is so affordable.

I’m worth a lot more to my family alive than I am dead and I have over $1,000,000 in Life Insurance – because I have 20 plus years of earning left before I can retire.  My wife likes shiny stuff – there’s no way I get to cut corners on the income side of the ledger…

The takeaway is this – two simple questions to determine if you need Life Insurance:

1.       If you die today, will anyone suffer a financial loss as a result of not having your income?

2.       Do you care?

If the answer to those questions is “Yes” then your hot wife would like us to talk…