When considering taking out a federal employee life insurance policy, attention will likely be given to the main earner in a family. It’s quite common in 2 parent families for 1 parent to earn the bulk of the earnings and the other to earn a smaller, yet vitally significant supplementary income. Although many individuals don’t think about it, focusing on the principle income earner and neglecting to take out life insurance for the secondary income earner may very well be a serious mistake.

Where you might have debts like a mortgage or credit cards, life insurance is crucial to verify those debts could possibly be serviced if you’re no longer around. Even if the main income earner remains living, it is worth considering how their earning capacity could be impacted by the death of their spouse. Needing to take time off work to take care of children or afford childcare could mean a serious cut in wages and without secondary income to assist, it could be easy to fall into financial struggle.

When considering your federal employee life insurance options, you must ensure you have adequate protection for all possible scenarios. Insuring both income earners, regardless of how little their contribution, can help make sure that neither of you are left financially weak in the event of an unexpected tragedy.