I remember the first time I saw her. She had beautiful brown eyes that sparkled, curly auburn hair highlighted by the bright California sun, and skin that felt like velvet. We were very young, in love and dated for a long time. We went to her senior prom together and one year later I was down on my knee overlooking a beautiful mountain vista asking for her hand in marriage. She agreed and a mere four years later we were married. We now have two children, five pets, two cars and a mortgage. We are responsible adults and work very hard for what we have. I love my family. They are my reason for being, but who is going to take care of all them after I’m gone?
He usually says:
“It’s no big deal, she’ll just get married to a banker or a doctor and he’ll take care of all her financial needs.”
Or, for you ladies:
“Well I’m sure he’ll find a rich cougar that will buy him all of his toys and pay the bills.”
The reality is men are more likely to repartner after losing their spouse; more than 60% of men but less than 20% of women are involved in a new romance or remarried within just over two years of being widowed. They originally married for love not money, right?
Do you really want the love of your life to re-marry for money? How will your children feel about that?
By planning now for your spouse’s material security utilizing life insurance, you can provide for your family after you pass. I love my wife, my kids and the life we have built together. I have taken care of them for 20 years and I want know that my wife will have enough money to stay in the home we have lived in for 14 years and to continue the financial legacy I have been building for my children since they were born and send them to college.
Most importantly, if a new man arrives in her life, my wife, my love, won’t feel the need to check his wallet but instead will be checking his heart.
1. Schneider, D., Sledge, P., Shuchter, S., & Zisook, S. (1996). Dating and Remarriage over the First Two Years of Widowhood. Annals of Clinical Psychiatry, 8, 51-57