Your Wife

The premature death of a wife and mother can have a severe financial impact on a family. It is important to have a life insurance. How to Buy Life Insurance for Your Wife. Contact your employee benefits office to determine your eligibility for dependent group life insurance and find out how much you can purchase on your wife. Ask your wife, if she is employed, to find out through her employee benefits office if she has employer sponsored group life insurance, how much coverage she currently has, and how much additional group life insurance she can buy. Inventory all other available sources of group life insurance for which you or your wife might be eligible, including the Veterans Administration, professional organizations, and fraternal orders. Determine the number of years it will take for your youngest child to finish a four year college education.